Wednesday, September 28, 2011

Silver's Open Interest Nears 100,000

Silver's OI declined by 4,560 contracts or roughly 4% yesterday.
How much more blood can The Morgue squeeze out of a boulder with Open Interest nearing the 100,000 mark?
It will take a Herculean effort to get a substantial amount of additional longs to capitulate for the cartel.
Never count them out for trying however....


Daily Settlements for Silver Futures (PRELIMINARY)
Trade Date: 09/28/2011
Month
Open
High
Low
Last
Change
Settle
Estimated
Volume
Prior Day
Open Interest
SEP 11
31.690
32.420
30.575A
-
-1.412
30.085
127
82
OCT 11
31.860
32.740
30.385A
-
-1.404
30.084
185
483
NOV 11
31.755
32.750
30.485
-
-1.410
30.110
20
73
DEC 11
31.940
32.880
30.080
-
-1.402
30.134
50,593
63,033
JAN 12
32.120
32.200
30.440
-
-1.400
30.153
62
165
MAR 12
31.325
32.270
30.180A
-
-1.398
30.173
3,307
9,706
MAY 12
32.900
32.900
30.280
-
-1.399
30.188
123
2,702
JLY 12
32.300
32.300
31.360
-
-1.399
30.195
414
2,033
SEP 12
31.180
31.800
30.445
-
-1.398
30.171
194
649
DEC 12
31.175
31.720
30.105
-
-1.396
30.144
289
10,118
JAN 13
-
-
-
-
-1.396
30.121
-
1
MAR 13
-
-
-
-
-1.396
30.074
10
741
MAY 13
-
-
-
-
-1.396
30.025
5
130
JLY 13
30.400
30.400
30.150A
-
-1.398
29.975
12
2,219
DEC 13
-
-
-
-
-1.384
29.864
178
7,642
JLY 14
-
-
-
-
-1.379
29.684
-
259
DEC 14
-
-
-
-
-1.376
29.554
23
1,255
JLY 15
-
-
-
-
-1.346
29.300
-
170
DEC 15
-
30.640B
-
-
-1.327
29.104
6
528
JLY 16
-
-
-
-
-1.327
28.879
-
25
Total
55,548
102,014