Market Curiosity: Exploring Markets And Systems

December 29, 2010

UPDATE: LBMA silver backwardation ended, with a surprise

Filed under: Just Watching — Tags: , , — Jeff Fitzmyers @ 8:21 am

UPDATE Jan 22: Cleared things up here.

UPDATE Jan 19th: Newest backwardation post: UPDATE: LBMA SIFO must be a mistake? Looks like huge backwardation It appears I have flipped “backwardation” with “lease rates”, again. The info below probably refers to lease rates and not backwardation. I likely misunderstood someone else’s explanation. I will determine exactly what is what this weekend and update these posts. But the posts still indicate more demand than supply in the LBMA silver. It’s just the incorrect label. END UPDATE.

The recent backwardation lasted 8 days — with no associated silver sell off. — unlike the past 2 backwardations of this year. If silver shorts were not able to engineer a selloff, prices could rise for a while. Buy dips in SLW.

The 3 arrows point to times when nearby lease rates are greater than further out lease rates.

LBMA 1 Month Silver Forwards > 2 Month SIFO For Past 2 Days

Leave a Comment »

No comments yet.

RSS feed for comments on this post.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at

%d bloggers like this: