#silversqueeze

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

That report shows the number of contracts that will stand for delivery. It doesn't indicate that delivery has already been effected.
 
That report shows the number of contracts that will stand for delivery. It doesn't indicate that delivery has already been effected.

It shows how many (of the July contracts I presume wanted or stood for delivery). Because its a July contract and June don't trade anymore. Perhaps actually delivering the metal takes a month, I don't know.

So, the 9,344 contracts that you noted are the cumulative number of July contracts that wanted delivery. It hasn't happened yet though and they all have to wait in line at the end of the month? An odd system but they wanted to make it as difficult as possible.
 
That's my understanding of it. Further to the point, those numbers represent contracts that made a declaration of intent. After the deadline, there could still be contracts that didn't settle or roll over. They also end up in the waiting for delivery queue as I understand it. 9344 may not be the final tally.
 
Back
Top Bottom