If the naked shorting is truly as insane as I have heard and read about on metals futures sites, the maintenance costs are gonna be crushing. Way worse than “meme-stocks”. Not the costs to cover so much, but the weekly margin costs after the commodity moves beyond certain price points. The sub-$26 silver shorts are gonna get hammered if it is true about the volume of ACTUAL open interest.
Oh awesome … where can I go to track that? I get the feed from tradingview, which appears to be a consolidation of Hong Kong, COMEX, Globex, and London.
If the naked shorting is truly as insane as I have heard and read about on metals futures sites, the maintenance costs are gonna be crushing. Way worse than “meme-stocks”. Not the costs to cover so much, but the weekly margin costs after the commodity moves beyond certain price points. The sub-$26 silver shorts are gonna get hammered if it is true about the volume of ACTUAL open interest.
It's 35.87 on the Asian markets, they Hit the limit switch a couple times allready.
Oh awesome … where can I go to track that? I get the feed from tradingview, which appears to be a consolidation of Hong Kong, COMEX, Globex, and London.
Thank you in advance!
https://www.kitco.com/
Search on silver.
...although right now, silver seems to be slipping back into the $31-ish bracket.
Back up 32.50
They must not have the money/ balls to slash the price.