Dear Jim: Silver early this morning at $23/ounce???
See Kitco 24 hour Spot Silver Chart today.
Response: Wow! To me it means either many tons of physical silver were bought by contract at that prearranged time and the buyer wanted to make sure he got all the physical he could, or the controllers of the market price screwed someone big time that had to settle many (physical or non-physical) contracts.
But See: JM Bullion 24 Hour Chart today. It does not show the big $23 spike.