Silver Open Interest Falls Below 100,000

Silver's open interest declined by 2,721 contracts today, and settled BELOW the 100,000 level at 99,698.
Again, this is an extremely low number, and we will be closely watching to see whether OI begins rallying as silver moves higher, or whether longs are finally throwing in the towel on the CRIMEX, and moving their business to new alternative exchanges such as the HKMEx and the Shanghai exchange- or simply shunning leverage and moving totally to physical bullion.

Daily Settlements for Silver Futures (FINAL) Trade Date: 10/12/2011
Month	Open	High	Low	Last	Change	Settle	Estimated Volume	Prior Day Open Interest
OCT 11	-	32.100B	-	-	+.791	32.754	-	130
NOV 11	32.000	32.945	31.985	-	+.791	32.771	154	84
DEC 11	32.155	33.100	31.860	-	+.791	32.789	33,796	59,570
JAN 12	32.035	32.995	32.035	-	+.791	32.809	19	199
MAR 12	31.960	33.035	31.950	-	+.795	32.833	2,734	9,675
MAY 12	32.585	32.625	32.585	-	+.796	32.854	72	2,873
JLY 12	32.250	33.000	32.135	-	+.797	32.864	115	2,406
SEP 12	32.270	32.445	32.270	-	+.798	32.852	40	966
DEC 12	32.375	32.995	32.370	-	+.800	32.844	196	10,473
JAN 13	-	-	-	-	+.801	32.825	-	1
MAR 13	-	-	-	-	+.802	32.787	-	751
MAY 13	Silver-	Enters -	Backwardation-	Here-	+.803	32.749	-	140
JLY 13	-	-	-	-	+.805	32.711	-	2,289
DEC 13	32.500	32.500	32.500	-	+.805	32.619	20	7,817
JLY 14	-	-	-	-	+.810	32.451	2	257
DEC 14	-	-	-	-	+.815	32.364	-	1,311
JLY 15	-	-	-	-	+.815	32.112	-	190
DEC 15	-	-	-	-	+.815	31.917	-	540
JLY 16	-	-	-	-	+.815	31.692	1	26
Total							37,149	99,698