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>> No.58283491 [View]
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58283491

>Each $1 increase causes SI futures short sellers to cumulatively lose $800,000,000

Total open interest on the SI major and minor delivery month contracts is 160,000 @5,000 oz per contract. 800,000,000 oz in total.
Since the latest SI price run up from $22 to $27.30 today, short contract holders combined are on the hook for $4.24B in losses.

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

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