COMEX silver futures traded an all-time daily record of 376,301 contracts today, surpassing the previous record of 319,204 contracts set on April 26th, 2011. The volume traded in the front month of March alone was a record setting 354,295 contracts!
To put the number in perspective, 376,301 contracts represents 1.88 billion ounces of paper silver, or approximately 2.5 years of the entire global silver mine production!
The 1.88 billion ounces of paper silver traded Tuesday amounts to 902 days of global silver production!!
1.88 billion ounces of paper silver dumped on the market in one day, and all Blythe could induce was a mere .50 decline in the price of silver.
*Updated 9am 2/20: CME has scrubbed the data, now reporting only 97,975 contracts traded yesterday
SDBullion’s new 2013 Silver Buffalo round is available now as low as .99 over spot!
From the CME:
| Month | Open | High | Low | Last | Change | Settle | Estimated Volume |
Prior Day Open Interest |
|---|---|---|---|---|---|---|---|---|
| FEB 13 | 30.040 | 30.045 | 29.450A | - | -.426 | 29.413 | 8 | 74 |
| MAR 13 | 29.810 | 30.150 | 29.175 | - | -.427 | 29.422 | 354,295 | 50,588 |
| APR 13 | 30.175 | 30.175 | 29.290 | - | -.427 | 29.448 | 260 | 128 |
| MAY 13 | 29.840 | 30.200 | 29.245 | - | -.427 | 29.482 | 18,554 | 40,874 |
| JLY 13 | 30.200 | 30.200 | 29.300 | - | -.426 | 29.533 | 1,862 | 10,090 |
| SEP 13 | 30.220 | 30.220 | 29.460 | - | -.425 | 29.577 | 358 | 7,971 |
| DEC 13 | 30.320 | 30.330 | 29.425 | - | -.424 | 29.637 | 822 | 23,267 |
| JAN 14 | - | - | - | - | -.424 | 29.652 | - | 24 |
| MAR 14 | 30.390 | 30.390 | 30.155 | - | -.425 | 29.683 | 16 | 2,030 |
| MAY 14 | - | - | - | - | -.425 | 29.709 | - | 957 |
| JLY 14 | 29.950 | 29.950 | 29.950 | - | -.424 | 29.736 | 3 | 4,992 |
| SEP 14 | - | - | - | - | -.423 | 29.757 | - | 223 |
| DEC 14 | 30.360 | 30.440 | 29.670 | - | -.423 | 29.792 | 110 | 6,616 |
| JLY 15 | - | - | - | - | -.423 | 29.805 | - | 2,961 |
| DEC 15 | 30.330 | 30.460 | 30.130A | - | -.424 | 29.806 | 4 | 2,607 |
| JLY 16 | - | - | - | - | -.424 | 29.804 | - | 286 |
| DEC 16 | - | - | - | - | -.424 | 29.803 | - | 643 |
| JLY 17 | - | - | - | - | -.424 | 29.770 | - | 839 |
| DEC 17 | 30.440 | 30.440 | 30.000 | - | -.424 | 29.700 | 9 | 34 |
| Total | 376,301 | 155,204 |
Last Updated 02/19/2013 06:00 PM
and this morning’s update:
| Daily Settlements for Silver Future Futures (FINAL)Trade Date: 02/19/2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Month | Open | High | Low | Last | Change | Settle | Estimated Volume |
Prior Day Open Interest |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FEB 13 | 30.040 | 30.045 | 29.450A | - | -.426 | 29.413 | 58 | 74 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MAR 13 | 29.810 | 30.150 | 29.175 | - | -.427 | 29.422 | 75,821 | 50,588 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APR 13 | 30.175 | 30.175 | 29.290 | - | -.427 | 29.448 | 110 | 128 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MAY 13 | 29.840 | 30.200 | 29.245 | - | -.427 | 29.482 | 18,582 | 40,874 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| JLY 13 | 30.200 | 30.200 | 29.300 | - | -.426 | 29.533 | 1,862 | 10,090 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SEP 13 | 30.220 | 30.220 | 29.460 | - | -.425 | 29.577 | 402 | 7,971 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DEC 13 | 30.320 | 30.330 | 29.425 | - | -.424 | 29.637 | 822 | 23,267 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| JAN 14 | - | - | - | - | -.424 | 29.652 | - | 24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MAR 14 | 30.390 | 30.390 | 30.155 | - | -.425 | 29.683 | 49 | 2,030 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MAY 14 | - | - | - | - | -.425 | 29.709 | 9 | 957 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| JLY 14 | 29.950 | 29.950 | 29.950 | - | -.424 | 29.736 | 42 | 4,992 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SEP 14 | - | - | - | - | -.423 | 29.757 | 20 | 223 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DEC 14 | 30.360 | 30.440 | 29.670 | - | -.423 | 29.792 | 185 | 6,616 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| JLY 15 | - | - | - | - | -.423 | 29.805 | - | 2,961 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DEC 15 | 30.330 | 30.460 | 30.130A | - | -.424 | 29.806 | 4 | 2,607 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| JLY 16 | - | - | - | - | -.424 | 29.804 | - | 286 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DEC 16 | - | - | - | - | -.424 | 29.803 | - | 643 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| JLY 17 | - | - | - | - | -.424 | 29.770 | - | 839 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DEC 17 | 30.440 | 30.440 | 30.000 | - | -.424 | 29.700 | 9 | 34 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total | 97,975 | 155,204 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Last Updated 02/19/2013 10:31 PM
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
Nothing to see here serfs … slave on.
The CME changed the data. Maybe they thought the 1.9 Billion ounces was ridiculous. This is a fake market. A government rig.
MonthOpenHighLowLastChangeSettleEstimated
VolumePrior Day
Open Interest
FEB 13
30.040
30.045
29.450A
-
-.426
29.413
58
74
MAR 13
29.810
30.150
29.175
-
-.427
29.422
75,821
50,588
APR 13
30.175
30.175
29.290
-
-.427
29.448
110
128
MAY 13
29.840
30.200
29.245
-
-.427
29.482
18,582
40,874
JLY 13
30.200
30.200
29.300
-
-.426
29.533
1,862
10,090
SEP 13
30.220
30.220
29.460
-
-.425
29.577
402
7,971
DEC 13
30.320
30.330
29.425
-
-.424
29.637
822
23,267
JAN 14
-
-
-
-
-.424
29.652
-
24
MAR 14
30.390
30.390
30.155
-
-.425
29.683
49
2,030
MAY 14
-
-
-
-
-.425
29.709
9
957
JLY 14
29.950
29.950
29.950
-
-.424
29.736
42
4,992
SEP 14
-
-
-
-
-.423
29.757
20
223
DEC 14
30.360
30.440
29.670
-
-.423
29.792
185
6,616
JLY 15
-
-
-
-
-.423
29.805
-
2,961
DEC 15
30.330
30.460
30.130A
-
-.424
29.806
4
2,607
JLY 16
-
-
-
-
-.424
29.804
-
286
DEC 16
-
-
-
-
-.424
29.803
-
643
JLY 17
-
-
-
-
-.424
29.770
-
839
DEC 17
30.440
30.440
30.000
-
-.424
29.700
9
34
Total
97,975
155,204
what if they dump 1 trillion oz in 10min on comex, will silver go to zero?
This COMEX volume is as ridiculous as the QE IV. $85 billion in one month and it accomplished nothing. They are pretty close to the same dollar volume and effect. Actually, QE is far more damaging to our financial health. The shorts are just laughable
Are you all paralyzed yet? Driven to distraction and inaction by the continuing Cartel Assaults, aided by MSNBC, CNBC, ESF, FRB, et al ?
That should be as good a sign as this cycle chart.
http://www.denaliguidesummit.blogspot.ca/
Luckily Bart Chilton is on the job.
And the parot said:
Who’s a pretty boy, who’s a pretty boy…
They changed the volume figures! It’s now 97000 total!
http://www.cmegroup.com/trading/metals/precious/silver.html
So the next step is that they hide the data, like in forward rates?
I find it interesting that march 2013 is the only massive change they ended up making. There are other small revisions, but no massive ones like March. These systems are automated, there is no reason to revise estimated volumes… actual volumes get published later….
Since the original data as at 6:00 pm, this means it was final pre-clearing…. hmm
I guess the latest # of 97,975 total is the final post clearing…. still massive.
I’ve never seen the volume figures adjusted that much from estimated.
This is so stupid. A commoditiy trading without the commoditiy. It could be bricks or pebbles for all it matters. Commoditiy market should be all about PHYSICAL DELIVERY and not about some paper speculation. I still am surpirised how come the producers sell at these paper prices. They could easily make a silver cartel (OPEC) and fuck the banksters in the a** big time.
376,000 contracts and the price of silver only went down what – 66 cents?
It must be getting harder and harder to knock down
I think it’s about time the Comex is wound up.
When the time comes these crooks behind the crimes will shortly be tried for their crimes and hung.
I came across this very interesting document which is a memorandum of discussion of an FOMC meeting from November 1967 . They are discussing pressures being experienced in the London Gold Market (the Gold Pool) due to devaluation of the pound. The British Pound was under severe pressure at the time leading to a surge in demand for gold. In 1968 the Gold Pool collapsed.
http://chasvoice.blogspot.com.au/2013/02/explosive-banker-gold-price-suppression.html
Today the pound is again under severe pressure and rumours are abounding of a devaluation of the pound. Demand for gold in England is increasing as people try to protect themselves just as they have in Japan following the 20% currency devaluation of the yen.
Needless to Say:
All part of “DOING GOD’S WORK”
“Doing God’s Work”
“Doing God’s Work”
doing god’s work
.
Oh so the cartel is in full control of the market and the silver cheerleaders suckered us all in with their bullshit cheerleading? Good to know. I wish I knew it 18 months ago.
U mad bro?
I’m good now, I just had my breakfast pork chop stuck in my craw and had to rant it out. Now back to regularly scheduled “silver imminent to 100″ postings.
I cleaned out my glovebox yesterday.
WE HAVE NO LAW, ONLY LUCIFERIAN CONTROL…
Don’t hold your breath expecting congress to ask CME why!!
http://www.warren.senate.gov/contact.cfm
please fill out the form and explain what’s happeing in your expert opinions
she may listen ? http://www.warren.senate.gov/contact.cfm
I won’t hold my breath on lieawatha / fauxcahontas warren helping out. We know what happens to people who axe too many kwerstions. they commit suicide by shooting themselves in the back of the head 3 times with their wrong hand.
You got me there. @Canadian Dirtlump
We all need a good laugh today after getting the tar beaten out of us for a week. lmao
To sell the paper equivalent to 2 1/2 years of Ag in one day kind of gives one a clue as to how bad things really are. NO BANK ANYWHERE could afford it, no matter how big. We are talking about close to 100 billion Federal Plantation Scripts. Only a government with a printing press would even think it. The bill to rob the people will be billed and sent to the people. Crimes so vast the world has never seen anything like it. They bring us death and destruction and most people will love them for it.
RGR the Exchange Stabilization Fund, ESF, is about $110 billion. That buys a lot of BS currency and metals manipulation.
We see this as opportunity. Purchased today, order enroute and powder for more.
Bring it!
The CME should put some golden arches in the parking lot with a sign that reads “billions and billions not served”.
But there is no manipulation in the markets….