30% of June Silver Contracts Erased Overnight

An odd and concerning trend has emerged in the silver futures market, where a significant portion of June contracts—nearly one-third—has been wiped off the records in secretive, after-hours settlements. This past week, over 8 million ounces of silver were effectively erased, suggesting deliberate moves that could skew market transparency. With such covert actions, the integrity of silver pricing is in jeopardy, potentially leading to inflated costs as trust in the trading framework diminishes. It’s a clear manipulation, and traders should be wary of what might lie ahead for silver prices.