The gold to silver ratio went up to 82, that’s crazy. As of this post, silver is around $16.50 and gold is about $1325 bring the GSR to about 80. The GSR has only been this high on two occasions since 1915. Today both gold and sliver were hammered, as usual.
The open interest has come quite a bit most likely due to EFP. Many metals contracts were transferred to the London market. With the Chinese market being closed since last Wednesday for the Lunar New Year, the manipulators had plenty of time to monkey hammer the precious metals and they took advantage.
When the eastern markets open, the metals will most likely rise as once again the metals will move to the east.
Source: macrotrends.net (GSR chart)