Yes, but there is more to it than just that..... such as the $27 spread in CLK26/CLK28 May 26 WTI Crude Oil Futures settled $98.23 May 28 WTI Crude Oil Futures settled $71.23
UST 10 Yr Notes went home 4.386 on Friday, yield about 10.3bp's higher. 20 Yr Bonds just 2bp's away from that 5% Handle.

Both S&P500 and S&P June E-Mini Futures looked to have violated levels that could lead to additional downside. https://t.co/lo2FDEAZl2

A close below the horizontal line shown below on the chart of the June S&P 500 E-Mini may not bode well for equities..... https://t.co/sQT9z0yJfP
Silver Futures: Down >$3.5 to the $77 handle. I feel like the lone or one of the few folks who have remained negative on higher prices (for now) based on a few different factors.

S&P 500 Index feeling a tad top heavy, if a couple of nearby lines of support get captured, it could set up a move back toward the the February 2025 highs (6,147) prior to the puke that took out...
Boolish Silver folks watching May Futures drop $3 and getting close to sub $80. If folks really really wanted more physical, they should have stayed long March Futures, the open interest is a measly 875 contracts vs 77,604 in May (FYI...
Silver: The truth about recent Deliveries........ only talking COMEX Guys are posting Bullish comments here regarding Silver deliveries, and folks wanting to take position of the Metal. I wonder if they understand the longs are not in control of the delivery...
Tplex: Rate complex under pressure UST 10 Yr Notes 4.20% +6.5bp's Dimes 112-00+ down 14/32's
You didn't have to be a genius to look at the extreme backwardation in the Futures curve for crude oil to call the current price spike temporary, and overdone. #CrudeOil
Oil and Silver Futures cross back over in the $80's. Can't make this kinda stuff up if you tried. April Crude $85+, May Silver $89+
Crude Oil Futures could be unchanged soon $93.66 after the high of $119.48 kinda like that day in Silver Futures
Insane moves no longer insane, Silver tame today.... Silver Futures +$5 from LOD E-Minis +132 from LOD

10 Yr Note Futures fall again (-13.5/32's to 112-00+) Since tagging 114 and seeing the UST Active 10 Yr Note fall under 4%, it has been a steady reversal aided by the war in the Middle East. https://t.co/aX13QG6ARo