$SLV 20270115 55.0 CALL$ Since 9 Feb, Comex silver vault has lost over 12.6M oz of silver and it has dropped from 101.3M oz to 88.7M oz (as at 18 Feb).
The current registered to delivery silver is 3.21 and the first notice for the physical delivery in Mar is on 27 Feb. Paper speculators typically roll their contracts or close out before that.
I expect high volatility in the week starting 23 Feb when Shanghai Gold exchange reopen after the CNY holidays.
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