While silver inventories on COMEX continue to decline, Binance’s newly launched gold and silver perpetual futures have already surpassed $70 billion in trading volume within weeks. The sharp convergence across metals and crypto derivatives markets signals surging demand for 24/7 synthetic exposure to precious metals. Physical Silver Tightens as 24/7 Derivatives Demand Accelerates Across Crypto and Metals Markets Binance recorded over $70 billion in trading volume across its XAU/USDT and XAG/USDT perpetual contracts. It points to a strong appetite for always-on, on-chain access to gold and silver price movements
source: https://beincrypto.com/comex-silver-inventory-crisis-gold-volatility-cme-crypto-247/