Comex Silver Will Make It Through May, but Barely

Anything more than seven or eight hundred contracts standing for delivery in any given delivery month will constrain supplies enough to force some type of major action.

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Those 2,166 contracts that were awaiting delivery at the beginning of May were enough of a potential withdrawal to draw out some pretty desperate measures from the exchange. It can claim rising volatility as a rationale for the margin changes, but the constant, large-scale moves were used in silver alone.