Nanex Research

Nanex 01-May-2014 ~ Silver Futures Halt

On May 1, 2014 at 8:04:31, Silver Futures halted for 10 seconds after a sudden price drop. Compare this to the 10 second overload in Treasuries the next day.

1. July 2014 Silver (SI) Trades and quote spread.
The halt occurred during the sharp drop. The sharp rally was after the 8:30 news release.

2. Zooming in on the 8:04:31 drop.

3. Showing quote rate (bottom panel). Quotes continue to update during the halt, unlike the Treasury futures overload.

4. Zooming in on the 8:30 news release.

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