Yesterday Robert Gottlieb reported that in London OTC trading Silver went into backwardation again and the implied lease rate for Silver rose to 5.5% per annum: a 265 basis point increase.
This means it's getting harder to obtain physical Silver to lease to fill real physical order delivery. Meanwhile over the last 3 days up to 6 million ounces of Exchange for physical contracts have been transferred from the crooked Comex to London for Real physical delivery.
Its a squeeze.
Lets see how long it takes the bullion banks to obtain and deliver Silver from SLV and PSLV.
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