Silver $SLV: As expected the open interest is dropping by a huge amount before the First Notice Day.

Scenario 1 is playing out exactly like mentioned in yesterday’s blog post.

EFP’s have been increasing the last 2 weeks.

ㅤ

Expecting another sharp drop in open interest tomorrow so the COMEX can buy itself time. They are kicking the can down the road as the physical silver is still missing.

But: This doesn’t mean the game is over. The physical silver is still missing.