Market Curiosity: Exploring Markets And Systems

January 28, 2011

LMBA SIFO update: Backwardation up to 6 months still

Filed under: Just Watching — Tags: , , , — Jeff Fitzmyers @ 7:11 am

All 100 Ounce Silver Bars Will be Gone in a Matter of Days The really interesting part is:

It does surprise me because we did not see the buying that we saw in 2008, 2009 when our safes were absolutely emptied of 100 ounce silver bars, and that’s the type of buying I thought we would have to see in order for there to be a shortage of 100 ounce silver bars.

So silver is not running out so much due to demand, but to simply running out of supply.

References: Looking for at least a bounce in SLW soon

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