My Question to GROK with answer:
Did the COMEX get temporarily shut down today?
This event aligns with Black Friday's early NYSE close (1:00 p.m. ET), but the outage was unrelated and added to the day's disruptions. For official updates, check CME Group's site.Yes, the COMEX (part of CME Group) experienced a temporary shutdown today, November 28, 2025, due to a multi-hour outage affecting global futures trading, including metals like gold and silver.Key Details:Cause: A cooling system failure at a third-party data center (CyrusOne in Aurora, Illinois) led to the halt, described as one of CME's longest outages in years. It was purely technical, with no evidence of manipulation, though speculation arose due to thin post-Thanksgiving volumes and a silver price surge.
Duration and Impact: Trading stopped for over 4 hours across commodities, currencies, bonds, stocks, and crypto derivatives on the Globex platform. This caused chaos in COMEX spot silver prices, with violent swings (e.g., up/down $1β$2 every 5 minutes) and flash crashes in gold and silver. Silver had surged to a record $55β$57/oz before the halt.
Resolution: Systems were restored after on-site fixes, allowing markets to reopen. November 28 is a regular trading day for COMEX (with an early close for some contracts), not a holiday closure.
Market Reaction: Discussions on X and Reddit highlighted concerns over physical silver delivery pressures, with some speculating it delayed a potential "silver squeeze." Trading resumed, but volatility persisted.
#ROADtoRoota #DavidMorgan #BoPolny
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