However this comment on this information is the interesting bit.
QUOTE: "spot has been trading in front of futures here in London all day. We have been in backwardation all day long on the LBMA.?
Got that? You have to pay MORE in the cash market than for the futures contracts. What that means is silver available for immediate delivery is running out. Otherwise, normal contango would prevail.
They'll promise you silver a couple of months out, but you have pay a premium if you want it now. Crimex warehouses are being emptied of silver.
SVL Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
