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AAAU - COMEX's Gold And Silver Futures Market Trade Data Not Adding Up
Goldman Sachs Physical Gold ETF
We have been following both the gold and silver futures markets since June with great interest. We could see in the data a buildup of demand for physical metal against short futures positions. And indeed, the summer has seen quite a bit of physical metals “delivered” between players on the COMEX futures market.
So far in 2020, the exchange has seen 132,999 contracts of 100 oz gold delivered, valued at $25.7 billion. Silver deliveries in 2020 have been even more extraordinary, with 43,798 contracts of 5000 oz silver delivered, valued at $5.8 billion.