Barreling Toward Option Expiry

Thu, Nov 18, 2021 - 10:45am

On what would otherwise be a quiet and slightly higher Thursday due to lower rates and a lower POSX, Comex gold and silver have been slammed around this morning and remain down on the day. Could this be related to next week's Dec21 option expirations? In a word...yes.

Again, I'll remind you that December is the only month that is active as a front trading month for both Comex gold and Comex silver. It's often the busiest "delivery" month of the year, too. So as option and contract expiry grow closer, the price volatility usually ramps up.

And why? For option expiration,...

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