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Silver market alert: what you need to know about Comex open interest and inventory

Commentaries & Views

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CPM Group’s Jeffrey Christian discusses the change in silver Comex open interest in July and August, and whether it will have any effect on the price of silver. He also discusses the 14.2 million ounce of silver that was moved from Comex eligible to registered within the JP Morgan depository. (The data at 13:40 is correct, but through 28 August. Jeff discussed open interest through Friday.)

Jeff concludes the presentation by discussing CPM Group’s short-term gold and silver forecasts heading into September.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.