• 4 minutes Pompeo: Aramco Attacks Are An "Act Of War" By Iran
  • 7 minutes Who Really Benefits From The "Iran Attacked Saudi Arabia" Narrative?
  • 11 minutes Trump Will Win In 2020
  • 15 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 8 mins Ethanol is the SAVIOR of the Oil Industry, Convenience Store Industry, Automotive Supply Chain Industry and Much More!
  • 29 mins Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 39 mins Instagram Now Banning Photos Of People At Gun Ranges, Claiming They Promote "Violence"
  • 12 hours Let's shut down dissent like The Conversation in Australia
  • 6 hours Famous Manufacturer of Anti-Ethanol Additives Proves Ethanol's Safety and Benefits
  • 18 hours Hong Kong protesters appeal to Trump for support.
  • 11 hours Collateral Damage: Saudi Disruption Leaves Canada's Biggest Refinery Vulnerable
  • 8 hours Trump Accidentally Discusses Technology Used In The Border Wall
  • 18 hours Saudi State-of-Art Defense System looking the wrong way. MBS must fire Defense Minister. Oh, MBS is Defense Minister. Forget about it.
  • 8 hours One of the fire satellite pictures showed what look like the fire hit outside the main oil complex. Like it hit storage or pipeline facility. Not big deal.
  • 3 hours US and China are already in a full economic war and this battle for global hegemony is a little bit frightening
  • 11 hours Iran in the world market
Alt Text

Will Silver Prices Continue their Incredible Run

Silver has risen higher relative…

Alt Text

Where Will Silver Prices go from Here?

What can we expect from…

Alt Text

Silvers Boost From Asia

Open interest in silver on…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

Unbelievable Open Interest in Silver on the Tokyo Commodity Exchange

I know I've been harping a lot about this, but the chart just keeps marching unbelievably upward.
Over the last two days, open interest jumped another 12%.

Silver Contracts

In fact, there's hasn't been a substantial decrease in Japanese Ag open interest in the last six months. Compare this to NYMEX, where open interest has been mostly flat since September. And actually fell 5% over the last two trading days.

NYMEX/COMEX Open Interest

Most interestingly, the Japanese silver buying is apparently not a precious metals-wide thing. TOCOM open interest in gold has actually been falling steadily for months. Now at one of its lowest levels this year.

Gold Contracts

One possible explanation is increased trading in Japan from foreign players. TOCOM has been extending its night trading sessions and opening access for traders abroad in order to garner more international business.

This allows nimble traders to play both precious metals and the yen-dollar market at once by buying metal in Tokyo. Perhaps these investors are using this market to arb the gold/silver ratio?

By. Dave Forest of Notela Resources




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play