Reduction of open interest all across the board in Large Specs and Commercials and total OI fell around 15%.  I’ve been looking at these for quite some time, and this is the first time I’ve seen anything like this.  As Sherlock would say, something’s afoot.

Oh, the cherry on the top is the small specs who are buying shorts…..dumb money, do the opposite.

May is going to be interesting I am hypothesizing….layer in the observation from the daily movement of silver out and in to registered category on the Crimex…and something unusual is taking place lately.  It’s like they won’t let the registered silver get below 75 million ounces no matter what.  Link to good site for info.

https://goldsilver.ai/metal-prices/silver/usd/per-ounce/today

Oh, and Happy Monday.  May your week be profitable in life and markets!!

Ah yes, a triangle….people get ready…..

With this story…guess demand is outpacing supply and if you don’t have what you need when the music stops…good luck.

One of my favorite silver miners, currently on sale for 40% off….take advantage now.  Silver mines start reporting Q1 results tomorrow…..