Comex SILVER delivery notices as of Friday 12/02/2022
2,776 contracts x 5,000 ounces = 13,880,000 ounces of Silver standing for delivery
just under 7,000 TONS
2,776 contracts x 5,000 ounces = 13,880,000 ounces of Silver standing for delivery
just under 7,000 TONS
01:52 PM - Dec 03, 2022
Only people mentioned by IKnowQUR in this post can reply
Justa Dawg
@K9King4eva
04 December, 08:16
In response IKnow QUR to his Publication
431.7 metric tonnes
linux> echo 'scale=8; 2776 * 5000 * 31.1034 * 10^(-6)' | bc -l
431.71519200
31.1034 g per toz (aka troy ounce)
1 million grammes in a metric tonne
This stuff is fun but we have to get our units right. Which is why I like showing my work. Ya know, it can then be criticised constructively.
linux> echo 'scale=8; 2776 * 5000 * 31.1034 * 10^(-6)' | bc -l
431.71519200
31.1034 g per toz (aka troy ounce)
1 million grammes in a metric tonne
This stuff is fun but we have to get our units right. Which is why I like showing my work. Ya know, it can then be criticised constructively.
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IKnow QUR
@IKnowQUR
04 December, 08:29
In response Justa Dawg to his Publication
Tried to message you, not allowed.
Wanted to thank you for the help & correction.
Wanted to thank you for the help & correction.
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IKnow QUR
@IKnowQUR
04 December, 08:33
In response Justa Dawg to his Publication
Silver contract = 5,000 ounces
2,776 contracts standing for delivery on 12/2/22 (image above)
2,776 x 5,000 = 13,880,000 ounces
13,880,000 / 16 ounces per pound = 867,500 pounds
867,500 pounds / 2,000 pounds per ton = 433.75 tons
Corrected again. Thank you!
A LOT of Gold & Silver delivery notices for 4 days!
2,776 contracts standing for delivery on 12/2/22 (image above)
2,776 x 5,000 = 13,880,000 ounces
13,880,000 / 16 ounces per pound = 867,500 pounds
867,500 pounds / 2,000 pounds per ton = 433.75 tons
Corrected again. Thank you!
A LOT of Gold & Silver delivery notices for 4 days!
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