The long steady decline in Comex Silver inventory available for delivery continues to reach new lows, now at just over 31 million ounces.
The current front month for silver futures is now July, with an open interest of about 60,000 contracts of 5,000 ounces representing 300 million ounces in terms of open interest. The available silver is an increasingly low percentage of the futures shares traded in the front month.
This is further complicated by the volatility. On Thursday of last week 83,000 contracts changed hands.
