They are moving a lot back to July. However they still have to deal with 95,935. Which is 95,935x5000=479,675,000 ounces of silver to be delivered by the end of May.
The price of silver throughout May of last year was between 23 and 26 dollars. So if the contracts were created last year for delivery in May of this year, they will want to get the price of silver as close to 23 and 26 dollars by the end of may.
I know it is exciting right now. And I assure you they are far more concerned with the price of silver than gold. They can let gold rise. They aren't using gold in consumer goods.
And it does not look like they are focusing on gold at the moment either:
When they settle contracts they are legally binding.
They have to fill those orders. So if the settle price last year was between 23 and 26 dollars. And they have to buy that silver to fill the contracts. They don't want to pay more than the contracted price for silver. So I am expecting that throughout the month of May we will see the price of silver between 23 and 26 dollars.
May 2nd 2023 26 dollar silver May 22nd 2023 23 dollar silver.