TSI editor’s note: Why would anyone want to take physical delivery of precious metals from the COMEX when they could trust the eternal financial security of paper promises instead? They must be paranoid. Right?
Hemke states “When the contract went off the board Monday, June 29, there were still an incredible 16,834 contracts open and apparently “standing for delivery”! Not only is that about 4X the historic average, it also represents a delivery demand of 84,170,000 ounces of silver.”