iShares Silver Trust (SLV)

[AlwaysRed]

1 year ago the price of silver was 23.96. Right now the price of silver is 23.96.

I am not sure when contracts were created. I don't know on what exact day the contracts were created. You can tell what the settle price was from 1 year ago today. But I can't tell if contracts were created on the same day.

The best we have is a ball park guess.

The best we can do is look at settle price from 1 year in the past and use the silver price from 1 year ago to guess.
Then we have to look at delivery months and how many contracts are left to deliver.

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

There are currently 963 contracts left to deliver for the month of Dec. Then there are no deliveries due until March.

What was the price of silver for the remaining days of last year Dec?

https://www.bullionvault.com/silver-price-chart.do

Until the end of Jan the price of silver was EXACTLY where it is right now. Coincidence right? LOL

Contracts are legally binding. They need to be filled at the contract price. Contracts can be created as long as 1 year in the future.

How is it that on the delivery months silver always ends up being where it was 1 year in the past when the contracts were created?

And you guys are following along now. You are seeing it for yourselves. You have been following this board for quite some time and watching. You are seeing the AM smashes. You are seeing that the price of silver is "Allowed" to rise on off delivery months and then magically when delivery months arrive the price of silver is magically SMASHED down to contract pricing. You should all have proven that to yourselves by now.

You can simply look in the past. You can look up the delivery months and compare them with the price of silver.

It has taken some time, but I don't seem quite as crazy now do I? ;)

Remember when I worked for JP Morgan? LOL ...........Yeah no.