Скачать или смотреть CME Silver Open Interest Drops 50% After Trading Halt

CME March silver open interest dropped more than 50 percent in a single session following a trading halt that saw 31,828 contracts change hands. Silver prices moved from approximately $91 per ounce down to $85 before recovering toward $88, according to documented market data.

In a week marked by significant turbulence across precious metals markets, silver trading became the focus of intense scrutiny after a sharp decline in CME March silver open interest. Contracts fell from approximately 11,882 to 10,526 in one session — a reduction of 11,356 contracts — cutting potential delivery obligations from over 110 million ounces to approximately 52.6 million ounces.

CME Silver Open Interest Drops 50% After Trading Halt

Shortly after the open interest data was recorded, a trading halt was initiated across metals markets. During the halt, 31,828 contracts reportedly changed hands while retail traders were locked out. When trading resumed, silver had already moved approximately four dollars lower, eventually declining from around $91 to roughly $85 before stabilizing near $88 at the time of reporting.

COMEX vault data released after Wednesday’s session documented approximately 1.3 million ounces withdrawn from vaults, including reported adjustments from Brinks, HSBC, JP Morgan, and MTB. Total registered silver now stands at 86.13 million ounces, with total inventory at 360.64 million ounces. The coverage ratio sits at 0.60, indicating registered silver covers 60 percent of one month’s open interest. Over the past 30 days, 54.51 million ounces have reportedly left COMEX vaults, representing a 13 percent decline in total inventory.

The report also references a prior comparable CME intervention on November 28th of the previous year, after which silver prices rose approximately 120 percent over the following 60 days, presented strictly as historical price data.

International developments add further context. India’s securities regulator has permitted actively managed equity funds — representing approximately $385 billion in capital — to allocate up to 35 percent into precious metal instruments. Beginning April 1st, mutual funds are directed to value physical gold and silver holdings using domestic stock exchange spot prices rather than LBMA benchmarks. Meanwhile, Shanghai spot silver was reported near $97, with futures at $100, reflecting an approximate $9 premium over Western spot prices near $88.

Institutional positioning was also highlighted, with Jane Street reported to hold approximately 20.6 million shares of SLV valued near $1.3 billion as of the fourth quarter. The reporting further references ongoing litigation related to Terraform and market-making activity in crypto markets.

All figures cited are drawn directly from documented reporting and on-record sources. Stay informed with verified updates.