On Monday 1 March, an article in Bloomberg Law by CFTC connected lawyers from law firm Clifford Chance revealed that the Commodity Futures Trading Commission (CFTC) is reportedly investigating retail silver trader activity in the and that the US Department of Justice looks set to investigate as well.

Before looking at this shocker of an Orwellian development, it’s helpful to provide some context on the CFTC’s track behavior in this area and to show how hypocritical such a development would be.

“The demand for silver may temporarily exceed available supply that is acceptable for delivery to the Trust, which may adversely affect an investment in the Shares.

It is possible that Authorized Participants may be unable to acquire sufficient silver that is acceptable for delivery to the Trust for the issuance of new Baskets due to a limited then-available supply coupled with a surge in demand for the Shares.

In such circumstances, the Trust may suspend or restrict the issuance of Baskets. Such occurrence may lead to further volatility in Share price and deviations, which may be significant, in the market price of the Shares relative to the NAV.”

The amount of silver traded in the London market surged to 1.006 billion ounces on Monday, triple the level typical in recent months, as prices rocketed to their highest since 2013, the London Bullion Market Association said on Tuesday.

Small investors flooded into the silver market in recent days, answering calls on Reddit and other social media to buy massive amounts of metal to push up prices.

Massive flows - 57m ounces of silver demand worth a cool 1.5 billion.

While all eyes have been focused on GameStop and a handful of other heavily-shorted stocks as they exploded higher under continuous fire from WallStreetBets traders igniting a short-squeeze coinciding with a gamma-squeeze, the last few days saw another asset suddenly get in the crosshairs of the 'Reddit-Raiders' - Silver.

CME raises silver margins by 13.3%

Now they are running silver as well as gold at the CME - the first day saw 11458 contracts or 57 million ounces called for delivery which is the highest monthly amount ever - let along just for the first day. Also there was 3316 gold contracts which is a decent chunk for gold's off month.

Also of note in the deliveries is the platinum ones - also the highest amount on record.

What does it suggest to you on a renown paper trading exchange when the players decide instead of taking profits in fiat they they instead decide to take physical & in the largest size ever.

Run that short squeeze......

The Silver Institute released a new market report today, entitled “Global Silver Investment,” prepared by Metals Focus, a leading global precious metals consultancy. The report examines current silver investment trends, as well as highlighting opportunities and identifying potential headwinds for the white metal.

Silver Bond Margins increased by 19.5%