paper trades see PM's in state of Backwardation. Silver is in a severe state because of paper market manipulation. I say the only real market on PM's now is the physical market. For all those doubters take a look at the price of silver. $26-$27 oz. Go on the perth mint website and see what the price of a 1oz coin is. $37 and guess what no stock. In fact there is no stock of anything other than special marked up designer coins Don't believe me?? go look for yourself.. It is getting scary on the physical market.