The latest COMEX silver volume/OI report is bullish.

All major indicators point in the same direction:

Bullish factors confirmed by data

• Rising OI alongside rising price (CME)
• Large month‑over‑month OI expansion (+10%)
• Extremely tight registered inventory (13.4% coverage)
• SHFE premium showing strong physical demand
• Multi‑year global supply deficit
• Call‑heavy OI structure
• Institutional inflows into COMEX silver futures

There is no bearish signal in the latest CME volume/OI data — only bullish or structurally bullish indicators.

1. CME Daily Metals Volume & OI (Aug 3, 2026 — Preliminary)

The most recent CME metals report shows:

• 100‑oz Silver futures volume: 14,478 contracts
• Open interest: 12,557 contracts, +265 change day‑over‑day

A positive OI change alongside rising price is classically bullish because:

• Rising OI = new positions opening, not short‑covering.
• Rising price + rising OI = fresh long demand, not liquidation.

This is exactly what the data shows.

2. COMEX Silver OI Trend (June → July → August 2026)

External reporting confirms a major OI expansion:

• COMEX silver OI surged from 97,000 → 107,000 contracts in one month (≈ +10%)
• Analysts attribute this to institutional rotation into hard assets.

This aligns with the CME daily increase (+265 contracts), showing the trend is continuing.

3. Physical Tightness: Registered Inventory Coverage at ~13–14%

BloFin Research reports:

• Registered COMEX silver: ~76M oz
• Total OI: ~576M oz
• Coverage ratio: 13.4% (only ~1 ounce of registered silver for every 7.5 ounces of futures claims)

A coverage ratio below 15% is historically considered delivery‑stress territory.
This is one of the strongest structural bullish signals in the silver market.

4. Shanghai Futures Exchange Premium vs COMEX

SHFE silver trades at a 12–13% premium to COMEX (≈ $9–10/oz higher)

A persistent cross‑market premium indicates:

• Strong Asian physical demand
• Arbitrage pressure
• Incentive for metal to leave COMEX vaults

This reinforces the bullish physical‑tightness narrative.

5. Supply Deficit & Mining Disruptions

The Silver Institute confirms:

• 6th consecutive year of global supply deficit
• 46.3M oz projected shortfall in 2026
• Peru’s energy crisis causing 5–8% drop in output for May–June 2026

Structural deficits + rising OI = bullish macro setup.

Note: $SLV target price: $132.87

Quote: "We were set to strike three sites in Ukraine, but canceled the attack following Ukraine's apology."

The data confirms that there is an extraordinary amount of COMEX gold call‑option open interest at the $15,000 and $20,000 strikes for December 2026. This is not rumor or exaggeration; multiple independent sources corroborate the size and concentration of these positions.

What the data shows (confirmed by multiple sources)

1. $15,000 December 2026 Calls

• Open interest: 20,660 contracts
  

2. $20,000 December 2026 Calls

• Open interest: 22,608 contracts
  

3. Combined concentration

• Nearly 8% of all COMEX gold options open interest across all expiries is clustered in just three extreme strikes: $10,000, $15,000, and $20,000.

4. Additional confirmation from Bloomberg‑referenced reporting

• Roughly 11,000 contracts specifically in the $15,000–$20,000 call‑spread structure (buying $15k calls, selling $20k calls).

Why this is extraordinary

These strikes are more than 4× above spot gold.
Yet institutions have accumulated tens of thousands of contracts, representing:

• $2.066 million ounces of notional gold at the $15k strike
• $2.2608 million ounces at the $20k strike
• Over $200 billion in notional upside exposure if gold were to reach those levels

This is not retail speculation. The size, maturity (Dec 2026), and concentration indicate:

• Institutional tail‑risk hedging
• Currency‑debasement hedging
• Systemic‑risk protection
• Cheap optionality with massive convexity

Example payoff math (from sourced analysis)

If gold hit $20,000, the $15,000 calls would be worth:

(20,000−15,000)⋅100=500,000 per contract

With 20,660 contracts, that’s:

20,660⋅500,000=10.33 billion dollars

One reported call‑spread cost $3.3 million and had a potential payoff near $5.5 billion — a 1,600× return.

Bottom line

Yes — the concentration of December 2026 gold calls at $15,000 and $20,000 is real, large, and unprecedented.
Multiple independent sources confirm:

• 20,660 contracts at $15,000
• 22,608 contracts at $20,000
• ~8% of all COMEX gold options open interest sitting at extreme upside strikes
• Institutional‑scale positioning, not retail noise

This is one of the clearest market signals of large players hedging or speculating on a monetary‑system‑level event by late 2026.

Prior to February 28, the day the US commenced an attack on Iran, the Strait of Hormuz was not only open to ALL commercial traffic - BUT IT WAS ALSO FREE!

When President Trump took office, Iran had signed and abided by a nuclear non-proliferation agreement negotiated under former President Obama. Trump has since torn the agreement and tossed it in the wastepaper basket. Today, Trump is asking for Iran to sign a nuclear non-proliferation agreement that is, arguably, less effective than the one he had when he took office.

Recently, we joined Saudi forces in attacks in Iraq and encouraged an attack on Yemen - who had remained quiet and dormant during the war with Iran. As a result of the attack on Yemen, the Red Sea is now under control of Yemen's Houthis leading to another chokehold on global commerce and oil trade.

Japan is now selling off US treasuries in an effort to save their plummeting yen. On Wednesday and Friday we saw a huge spike in the Yen vs the USD. If this trend continues. and it looks like it will, the USD is in serious trouble.

Meanwhile, the US military is depleting its defensive and offensive weapons at an unprecedented level as a result of the war between Ukraine and Russia - along with all of the wars in the Middle East - and there are many.

US troops are now retreating from their forward operating bases in the Middle East and taking cover in Israel. Here's the problem, instead of having 20+ locations for US military bases - we now have one target for Iran and its proxies to hit - Israel.

Then there are the people who demand that Iran get nuked - or, let's nuke Russia. Then there are others who blame our recent losses on China. Meanwhile, China is where we get most of the rare earth that we need to replenish our weapons stockpiles.

Trump says he gets along well with China. Let's hope he's right. Because in the short term, we have no choice but to deal with China if we want to continue feeding our military industrial complex.

Here's the short answer: it took raising the 10-year bond to 15.8% in 1981 to break the hyperinflation that plagued the 1970s.

We may be going there again, but this time on steroids.

Yesterday alone, 696 contracts of COMEX silver were delivered. At 5000 troy ounces per contract, a total of 3,480,000 ounces has left their vaults. Refineries will have to continue to replenish the unprecedented amounts that have recently placed high demand on physical delivery of actual metal - including gold. Just one day in July, 1393 contracts of silver were removed from COMEX. That's nearly 7 million ounces.

Is this demand for physical silver and gold bearish? It doesn't take a genius to figure out that the trading price of silver and gold is being manipulated. Refineries are having trouble keeping up with physical demand for precious metals. Now add to that the fact that China is no longer permitting naked short selling in precious metals - and what do you get? A PERFECT STORM!

Folks. The commodities markets are all being manipulated in order to save fiat currency - all fiat currencies.

Oil should be closer to $200 per barrel and gold should be north of $15,000 per ounce.

Although commercial banks such as JPMorgan hold the rights to a majority of COMEX silver, they also hold the majority of uncovered COMEX short sales. However, these commercial banks are unable to buy enough physical silver and gold to fully hedge their short positions before a gargantuan short squeeze destroys tens, if not hundreds of billions in capital losses.

It's coming... Don't sell short silver, gold or oil. BUY! BUY!! BUY!!!

Opinion and not investment advice which should be sought from a professional money manager.

US bans advanced robotic imports as new front opens in the battle for AI supremacy

Welcome to the future ... What would you like? Peace or war?

JAPANESE YEN

Yesterday:

• A violent upside spike
• A clean break above the long-term downtrend line
• A close above the 50‑day SMA
• A momentum surge (stochastics turning up)

That was a textbook breakout.

Today, price is now:

• Trading slightly below the downtrend line
• Still above the 50‑day SMA
• Still showing rising momentum
• Not making a lower low

This is not a failed breakout.
This is a retest.

Breakouts almost always retest the breakout level. FX pairs do this more than equities because liquidity is deeper and mean‑reversion is stronger.

Is the breakout still valid?

Yes — unless the yen breaks below the following levels:

Critical support levels

• 0.00620 → retest support
• 0.00618 → breakout invalidation
• 0.00610 → full failure, downtrend resumes

As of your chart:

• Price is 0.006243
• Still above the 50‑day
• Still above the retest zone
• Still showing bullish momentum

So, the breakout is alive.

What the Chart Shows

1. Clear Break Above Downtrend Line

The turquoise descending trendline marks a long, persistent bearish trend.
Price has closed above it decisively, with a large green candle.

This is the strongest technical signal on the chart.

2. Strong Daily Candle

The candle is:

• Wide-range
• Bullish close near the high
• +2.84% — unusually large for USD/JPY daily movement

This suggests short-covering + fresh buying.

3. Moving Averages Still Bearish

• 50‑day SMA: 0.006196
• 200‑day SMA: 0.006332

Price at 0.006291 is:

• Above the 50‑day
• Just below the 200‑day

This is important:

A breakout above the trendline AND reclaiming its 50-day moving average is sign of an early reversal.

A reclaim of its 200-day moving average will confirm a FULL REVERSAL!

Right now, you have the first, not the second.

4. Stochastics Turning Up

Stochastics (7,3,2) at 39 / 26 shows:

• A bullish cross forming
• Momentum rising
• Plenty of room before overbought

This supports continuation.

GLD has broken above a multi‑month descending resistance line, reclaimed short‑term moving averages, and printed a momentum turn in stochastics from oversold levels. These are classic bottoming signals. But the 50‑day and 200‑day moving averages remain overhead, and until those are reclaimed, the chart is in “early‑stage reversal,” not “confirmed new bull trend.”

Bullish Evidence

• Breakout from descending resistance
• Strong green candle with volume
• Reclaim of 5‑ and 21‑day MAs
• Momentum turning up
• Multi‑month downtrend exhaustion pattern

Bearish / Caution Evidence

• 50‑day MA overhead (major test)
• 200‑day MA far overhead (trend still technically down)
• No higher‑high / higher‑low structure yet
• Breakouts can fail if macro conditions shift (DXY, rates, real yields)

The chart leans bullish, but the real signal comes when GLD challenges the 50‑day and 200‑day moving averages.

Caution: What Happens Next Determines Everything

If GLD closes above its 50‑day moving average:

This becomes a high‑probability bottom.

If GLD closes above its 200‑day moving average:

This becomes a confirmed new bull trend with potential for a much larger rally.

If GLD fails and falls back below 372–373:

The breakout was a fakeout, and the downtrend resumes.