Silver's Open Interest Finally Increases

One day does not make a trend, but we saw the first small increase in open interest in silver Friday.
We will continue to monitor next week but for now, it appears 100,000 is the floor in open interest.
Whether we move up from here in price next week is another story.

Daily Settlements for Silver Futures (PRELIMINARY) Trade Date: 09/30/2011
Month	Open	High	Low	Last	Change	Settle	Estimated Volume	Prior Day Open Interest
OCT 11	29.900	30.275	29.900	-	-.431	30.041	2	464
NOV 11	30.725	31.190	29.800A	-	-.431	30.067	95	72
DEC 11	30.605	31.335	29.690	30.390	-.439	30.083	35,443	62,193
JAN 12	30.585	31.260B	30.245	-	-.439	30.102	25	200
MAR 12	30.705	31.195	29.800	-	-.437	30.124	1,930	9,800
MAY 12	-	-	30.460A	-	-.437	30.139	136	2,698
JLY 12	30.505	30.505	30.270	-	-.437	30.146	131	2,225
SEP 12	30.030	30.400	29.825	-	-.434	30.128	66	768
DEC 12	31.080	31.080	30.000	-	-.432	30.103	161	9,829
JAN 13	-	-	-	-	-.432	30.080	-	1
MAR 13	-	-	-	-	-.432	30.033	-	751
MAY 13	-	-	-	-	-.432	29.984	-	135
JLY 13	-	-	-	-	-.432	29.934	-	2,206
DEC 13	-	-	-	-	-.432	29.823	1	7,794
JLY 14	-	-	-	-	-.432	29.643	-	259
DEC 14	-	-	-	-	-.432	29.513	-	1,271
JLY 15	-	-	-	-	-.432	29.259	-	170
DEC 15	28.990	29.400	28.990	-	-.432	29.063	3	535
JLY 16	-	-	-	-	-.432	28.838	-	25
Total							37,993	101,396