Dave from Denver…

Bill, silver stoppers are serious this month

Open interest as of yesterday's close in Sept silver was 2,171 contracts, or 10.86 million ounces. As of today, there's been a total of 2,222 contracts delivered or tendered, that's 11.1 million ounces. Again, if anyone can tell me how to determine which portion of that 2,222 was delivered vs. tendered for cash, I'd love to know - if it's possible. What it tells me is that a large investor or number of investors is interested in acquiring a large amount of silver. If the Comex inventories does not change much this much, we know the Comex is a complete fraud and anyone safekeeping their silver at the Comex is risking their custody. The character of the market has shifted quite a bit in past two weeks. There seems to be a large buyer(s) buying every dip. It also seems like physical supply is dwindling...commercial signal failure next?