Everyday day for several weeks Comex has been trading At least 100,000 contracts per day. Last friday was 210,000 silver contracts traded in that one day or 1.1 billion ounces of silver. This is a ridiculously large amount of money per day being spent on a very tiny market like the silver market. In 2023 there was probably only 800 million ounces produced by mining companies in the whole world in 365 days and yet almost 800 million ounces worth of contracts have been exchanged or traded for every single day for several weeks now!!!
Silver just won't go down! It kinda feels like 2011 again when silver took off and hit 49$...but I could be 100% wrong..