{"id":2262,"date":"2023-04-30T05:32:52","date_gmt":"2023-04-30T09:32:52","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/silver-sees-record-number-of-contracts-close-in-final-day\/"},"modified":"2023-04-30T05:32:54","modified_gmt":"2023-04-30T09:32:54","slug":"silver-sees-record-number-of-contracts-close-in-final-day","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=2262","title":{"rendered":"Silver Sees Record Number Of Contracts Close In Final Day"},"content":{"rendered":"
\n

<\/picture>
<\/figcaption><\/figure>\n<\/p>\n

By SCHIFFGOLD<\/em><\/p>\n

Silver: Recent Delivery Month<\/strong><\/h2>\n

Silver has seen a relatively weak delivery to start the action in May. While this could be considered disappointing to some who were looking for fireworks, a look beneath the surface shows that all is not well.<\/span><\/p>\n

\n

\"gold<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 1 Recent like-month delivery volume<\/em><\/p>\n

We can see the path that silver took below, starting high and then dropping down into the close before seeing a big fall on the final day relative to past months (usually the last day moves more sideways).<\/p>\n

\n

\"Silver\"<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 2<\/em><\/p>\n

This drop can be seen more clearly below by the difference between the blue and the green bars.<\/p>\n

\n

\"24-month<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 3 24-month delivery and first notice<\/em><\/p>\n

So how big a drop was this? On a relative basis, this was the largest drop since at least the start of Covid when deliveries started taking off. <\/span>On the final day, the May contract decreased by 66%<\/strong>! While delivery volumes have been falling, the drops into close have been getting bigger. This is not a coincidence. Silver has been flooding out of Comex vaults and supplies are clearly getting thin.<\/span><\/p>\n

It should be noted that the majority of these contracts did not roll to the next month<\/em>. 5,099 contracts closed yesterday and only 1,067 were added to the July contract. This strongly suggests that these contract holders held until the very last day and then closed. Why? Most likely because they were convinced to not<\/em> take delivery.<\/p>\n

\n

\"Silver\"<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 4 Drop into Close<\/em><\/p>\n

How can we know they were convinced? We can\u2019t\u2026 but let\u2019s look at what May typically looks like. Keep in mind that less than half of contracts have been delivered so far. Still, delivery volume is historically low. Even with the remaining 1,606 contracts pending, that would only drive the total to $327M. This would be the smallest notional delivery in 5 of the last 6 years.<\/p>\n

\n

\"Silver<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 5 Notional Deliveries<\/em><\/p>\n

Look at the next chart that shows the scramble to get metal into the proper category for delivery. There was a lot of action in early March, followed by steady outflows, which then turned into a bunch of reclassifications.<\/p>\n

Okay \u2013 so we have bank failures (First Republic barely has a pulse down 36% today alone), a push to de-dollarize being made public, and gold very near all-time highs. And then delivery volume in silver is the smallest May in years because<\/em> of a very last-minute bulk contract closure? The data can only say so much, sometimes you need to read between the lines. This market is under stress! Will it break tomorrow? No (it\u2019s also a Saturday), but how many more times can the Comex pull rabbits out of their hat?<\/p>\n

\n

\"Recent<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 6 Recent Monthly Stock Change<\/em><\/p>\n

House Accounts<\/em><\/h2>\n

The house accounts are quiet so far this month. On net, they have delivered out a little less than half the contracts delivered so far.<\/p>\n

\n

\"House<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 7 House Account Activity<\/em><\/p>\n

Silver: Next Delivery Month<\/strong><\/h2>\n

May silver is a minor month, but it looks like some contract holders yesterday did not want to wait until July to be \u201cconvinced\u201d to roll. Open interest in the June contract popped 33% at the same time that May fell. Probably not a coincidence.<\/p>\n

\n

\"Silver<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 8 Open Interest Countdown<\/em><\/p>\n

On a relative basis, June is now looking quite strong, only below the January contract.<\/p>\n

\n

\"Countdown<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 9 Countdown Percent<\/em><\/p>\n

Minor month delivery volume has been sliding quite a bit. Again, most likely because there isn\u2019t that much metal to deliver. The vaults have been bled dry!<\/p>\n

\n

\"Silver<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 10 Historical Deliveries<\/em><\/p>\n

The spread in the cash market is headed back down towards a potential backwardation.<\/p>\n

\n

\"Spot<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 11 Spot vs Futures<\/em><\/p>\n

Gold: Recent Delivery Month<\/strong><\/h2>\n

Gold has also started a bit slow. This shouldn\u2019t be a surprise though as the game in gold continues to be net new contracts.<\/p>\n

\n

\"Recent<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 12 Recent like-month delivery volume<\/em><\/p>\n

This can be seen clearly in the chart below with red bars driving much of the volume in minor months. In January and last July, the contract opened the delivery period even weaker than this month (937 and 698 vs 1,128) but saw lots of activity mid-month. It wouldn\u2019t be a surprise to see elevated net new contracts this month. Unlike silver, the Comex has been unable to calm down the delivery market in gold. This could be partially because there is less silver available, and a bigger need in that market. Silver vaults have been pillaged way more than gold, but that is starting to change. JPMorgan had to restock after using almost their entire Eligible stack to defend gold deliveries last month.<\/p>\n

\n

\"24-month<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 13 24-month delivery and first notice<\/em><\/p>\n

Still, it is surprising that activity in gold is not higher. Given the banking issues, gold near all-time highs, and the de-dollarization talks, I would have expected the gold contract to be busier on its way into close. As the chart below shows, this month was definitely on the lower end of the range for minor months.<\/p>\n

\n

\"Open<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 14 Open Interest Countdown<\/em><\/p>\n

The May contract for gold is historically a small delivery month but saw quite large moves in 2020 and 2022 (right after Covid started and the Ukraine war).<\/p>\n

\n

\"Gold<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 15 Notional Deliveries<\/em><\/p>\n

The House accounts are quiet so far with only a few contracts received on net. This follows a pretty substantial month last month.<\/p>\n

\n

\"House<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 16 House Account Activity<\/em><\/p>\n

As mentioned above, JPMorgan had to deliver out a lot of gold last month. These were the two big moves shown below moving from Eligible to Registered. They then restocked their Eligible to replace what was lost. The vaults have been unable to restock in silver suggesting it is further along in the supply drain than gold is. Gold is also a much bigger market and has much bigger stakes if confidence were lost.<\/p>\n

\n

\"Recent<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 17 Recent Monthly Stock Change<\/em><\/p>\n

The net action in gold can be seen below.<\/p>\n

\n

\"Recent<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 18 Recent Monthly Stock Change<\/em><\/p>\n

Compare this to silver which has simply been straight down with any restocking immediately removed.<\/p>\n

\n

\"Recent<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 19 Recent Monthly Stock Change<\/em><\/p>\n

Gold: Next Delivery Month<\/strong><\/h2>\n

Looking ahead to June shows gold in the middle of the pack. As mentioned in the technical analysis, one of the most bullish aspects of the current price move is that it has not come with a surge in open interest. This suggests buying coming from elsewhere and not likely from the weaker hands seen in futures traders. This is further confirmed by the chart below showing average open interest despite the near-record prices.<\/p>\n

\n

\"Open<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 20 Open Interest Countdown<\/em><\/p>\n

Even on a basis relative to Registered, June is only slightly above average.<\/p>\n

\n

\"Countdown<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 21 Countdown Percent<\/em><\/p>\n

Delivery volume remains strong in major months, but considering the recent moves by JPMorgan, supplies may finally be getting thin enough that contract holders will start being \u201cconvinced\u201d to roll as well. This June will be a good test of that theory.<\/p>\n

\n

\"Historical<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 22 Historical Deliveries<\/em><\/p>\n

The market is still in strong contango.<\/p>\n

\n

\"Spreads\"<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 23 Spreads<\/em><\/p>\n

The cash market looks very well controlled, but with spreads getting a bit wider at each roll period.<\/p>\n

\n

\"Spot<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 24 Spot vs Futures<\/em><\/p>\n

Wrapping up<\/strong><\/h2>\n

The amount of contracts that closed in silver was very surprising. The deviations continue to get bigger. Some people complain that this data has been showing stress for over a year now without anything major breaking or any explosive price moves (gold hasn\u2019t made a new all-time high and silver isn\u2019t even close). That is true, but these things take time.<\/p>\n

Watching this data reminds me of a saying:<\/p>\n

\u201cHow did you go bankrupt?\u201d<\/em> \u201cVery slowly at first, and then very quickly\u201d<\/em><\/p>\n

We are in the slow stage. In silver, we could be reaching the point where things speed up though. The vaults can simply not sustain the withdraws that have been happening. Bottom line, we may still be several months or even a few years away from a major event in the Comex. I wouldn\u2019t bet on having that much time though. The data suggests it is sooner than that. In either case, you don\u2019t want to be caught wishing you had more gold and silver when things start to unravel.<\/p>\n

\n

\"Annual<\/span> <\/picture>
<\/figcaption><\/figure>\n<\/p>\n

Figure: 25 Annual Deliveries<\/em><\/p>\n

Data Source: Futures & Options Trading for Risk Management – CME Group<\/p>\n

Data Updated: Nightly around 11 PM Eastern<\/p>\n

Last Updated: Apr 27, 2023<\/p>\n

Gold and Silver interactive charts and graphs can be found on the Exploring Finance dashboard: Gold and Silver Analysis<\/p>\n

Original Post<\/em><\/p>\n

Editor’s Note:<\/strong> The summary bullets for this article were chosen by Seeking Alpha editors.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By SCHIFFGOLD Silver: Recent Delivery Month Silver has seen a relatively weak delivery to start the action in May. While this could be considered disappointing to some who were looking for fireworks, a look beneath the surface shows that all is not well. Figure: 1 Recent like-month delivery volume We can see the path that […]<\/p>\n","protected":false},"author":1,"featured_media":2263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-2262","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nSilver Sees Record Number Of Contracts Close In Final Day | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By SCHIFFGOLD Silver: Recent Delivery Month Silver has seen a relatively weak delivery to start the action in May. While this could be considered\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=2262\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Sees Record Number Of Contracts Close In Final Day | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"By SCHIFFGOLD Silver: Recent Delivery Month Silver has seen a relatively weak delivery to start the action in May. While this could be considered\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=2262\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-30T09:32:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-30T09:32:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/1682847173_image_1367614696.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=2262#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=2262\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Silver Sees Record Number Of Contracts Close In Final Day\",\"datePublished\":\"2023-04-30T09:32:52+00:00\",\"dateModified\":\"2023-04-30T09:32:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=2262\"},\"wordCount\":1414,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=2262#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=2262\",\"url\":\"https:\/\/ifintechworld.com\/?p=2262\",\"name\":\"Silver Sees Record Number Of Contracts Close In Final Day | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-04-30T09:32:52+00:00\",\"dateModified\":\"2023-04-30T09:32:54+00:00\",\"description\":\"By SCHIFFGOLD Silver: Recent Delivery Month Silver has seen a relatively weak delivery to start the action in May. While this could be considered\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=2262#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=2262\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=2262#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Silver Sees Record Number Of Contracts Close In Final Day\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Silver Sees Record Number Of Contracts Close In Final Day | iFintechWorld","description":"By SCHIFFGOLD Silver: Recent Delivery Month Silver has seen a relatively weak delivery to start the action in May. While this could be considered","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=2262","og_locale":"en_US","og_type":"article","og_title":"Silver Sees Record Number Of Contracts Close In Final Day | iFintechWorld","og_description":"By SCHIFFGOLD Silver: Recent Delivery Month Silver has seen a relatively weak delivery to start the action in May. While this could be considered","og_url":"https:\/\/ifintechworld.com\/?p=2262","og_site_name":"iFintechWorld","article_published_time":"2023-04-30T09:32:52+00:00","article_modified_time":"2023-04-30T09:32:54+00:00","og_image":[{"width":1536,"height":1024,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/1682847173_image_1367614696.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=2262#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=2262"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Silver Sees Record Number Of Contracts Close In Final Day","datePublished":"2023-04-30T09:32:52+00:00","dateModified":"2023-04-30T09:32:54+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=2262"},"wordCount":1414,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=2262#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=2262","url":"https:\/\/ifintechworld.com\/?p=2262","name":"Silver Sees Record Number Of Contracts Close In Final Day | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-04-30T09:32:52+00:00","dateModified":"2023-04-30T09:32:54+00:00","description":"By SCHIFFGOLD Silver: Recent Delivery Month Silver has seen a relatively weak delivery to start the action in May. While this could be considered","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=2262#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=2262"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=2262#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Silver Sees Record Number Of Contracts Close In Final Day"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/2262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2262"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/2262\/revisions"}],"predecessor-version":[{"id":2264,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/2262\/revisions\/2264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/2263"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}