Market Curiosity: Exploring Markets And Systems

April 20, 2011

Silver backwardation update — it’s increasing…

Filed under: Just Watching — Tags: , , , , — Jeff Fitzmyers @ 7:47 am

– US dollar index is pathetic. Down about 1%, hanging in the wind.

Eric Sprott: “Expect The Gold To Silver Ratio To Hit Single Digits: The fact remains that most commentators have failed to grasp the monetary shifts that silver is signaling today, and in doing so they’ve failed to appreciate just how high it could actually go.

Notice how the lease months are pinching together? I suppose one major item to note is that, so far, the higher silver price is not really satiating demand.

The Comex partial backwardation is growing too.

Here the full LBMA SIFO

Price is rather extended, and yet even with some decent relative volume, very small dips are met with buying.

References
+ Silver backwardation update for April 12th

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