$Abrdn Silver ETF Trust(SIVR.US)
The March short squeeze is gone.
Checked the data on the official website.
March OI is down to 1585.
May OI is as high as 79105.
Contracts have been moved to May.
Not sure what the cost was.
According to the data, settlement pressure has decreased.
No wonder the silver price has fallen back.
The next important time point is the end of April.
Checked the registered inventory, only 88 million ounces.
If the inventory remains this low in May,
and there are currently 400 million ounces of contracts to be settled in May,
the conditions for a short squeeze are met.
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