Nothing to add here.  Do read the highlighted sections and the chart at the bottom.  Looks like a big "ouchie" is in the works for the silver shorts.  I'll drink to that!  Cheers.

 

COMEX SETS ALL TIME VOLUME RECORD FOR SILVER, 2.5 YEARS GLOBAL MINE PRODUCTION TRADES IN SINGLE DAY!

February 19, 2013

 

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 the shorts could induce was a mere .50 decline in the price of silver.

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