Commodity Trade Mantra

Posts Tagged ‘Fundamental Prices for Silver’

The Decline and Fall of Silver Backwardation

The market price of silver is at or above its fundamental. Could the market price go up from here? We would almost expect it to if the gold price continues to rise towards its fundamental price (over $100 above the market price). The story of silver shortage (and backwardation) is over. Even the Dec cobasis fell from near 1% in the middle of last month, to below zero now.

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