Daniel Gary, senior commodity strategist at TD Securities, wrote in the research report: “We expect that approximately 13% of the total number of open contracts on the New York Mercantile Exchange silver market will be sold off in the next two weeks, leading to a sharp drop in silver prices.” He added that the decline in market liquidity after the holiday season may amplify price fluctuations.

Daniel Gary, senior commodity strategist at TD Securities, wrote in the research report: “We expect that approximately 13% of the total number of open contracts on the New York Mercantile Exchange silver market will be sold off in the next two weeks, leading to a sharp drop in silver prices.” He added that the decline in market liquidity after the holiday season may amplify price fluctuations.