Perfect timing?28 Feb 2026 14:02
Friday was the first day to decide on whether to take delivery on Comex March contracts.
The current contracts exceed the supposed registered Comex vault holdings.
The main markets sold off on Friday, last trading day of the month. Silver rallied hard to finish at $93.50, most miners reacted fairly cautiously. Hycroft dropped 8% early in the yankton session but recovered to finish the day up 1%.
The conflict in Iran kicked off today and weekend IG markets is showing silver up by 3.5% currently, oil up around 10% Wall Street down 1% which is a serious dip.
It looks likely that the silver price will gap up at open but the big question is........Will the miners shares go up with the silver price or will the general stocks SP drop pull them the other way.
It would be reasonable to expect that in the circumstances, contract holders would want physical metal in hand rather than a paper promise which has proved to be very flaky?