I am glad that you guys are now watching and paying attention. I have been watching these for nearly 10 years. You guys are surprised that they are moving contracts forward, but they do this every other month like clockwork. I am sure they leave the actual physical deliveries for last.
We'll see how this plays out for the rest of the month. Maybe this is the time that they let the SLV price rise a little. Maybe the new range will be 25-30. I do not know. But one thing I am certain of, they are in control of the price and will not let it get out of control.
Wherever they want the price, that is where it will be.
They have not been using much in terms of contracts to smash the price lower:
The last real volume was on the 12th and it has been going down since. And the open interest line is falling.
Perhaps this down move won't be as large as usual. All we can do is watch and try to figure out what the channel will be. They may still smash it down. But as you say, there are not many contracts left to fill for May. 750x5000=3,750,000 ounces at 26.50 = 99,375,000 dollars worth of silver. So we are still at 100 million dollars worth of silver that needs to be delivered for May.
A Democracy is 2 wolves and a lamb arguing what's for dinner. In a Constitutional Republic the lamb is armed. We live in a Constitutional Republic.
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