Silver Backwardation Returns

by Keith Weiner
Silver Seek

The big news this week was the drop in the prices of the metals (though we believe that it is the dollar which is going up), $57 and $1.81 respectively.

Of course, when the price drops the injured goldbugs come out. We have written the authoritative debunking of the gold and silver price suppression conspiracy here. We provide both the scientific theory and the data. So we won’t say anything more about it today.

On 17 Feb, we wrote about the widening bid-ask spread in the spot markets for gold and silver. The spread in silver was around 2 cents (up from where it had been humming along at ½ cent until about a year ago), then just over 1 cent. By mid-February, it was over 1.5 cents.

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