seasonal supply/demand and storage factors mean many commodities are often in backwardation. But monetary metals never should be backwardated due to the supposedly large stockpiles - an overhang that doesn’t cause the price to collapse, thus demonstrating monetary qualities. Backwardated gold and silver indicates something is deeply, deeply broken in the futures market
seasonal supply/demand and storage factors mean many commodities...
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Last
2.4¢ |
Change
0.002(9.09%) |
Mkt cap ! $41.58M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.3¢ | $235.0K | 10.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1080000 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1971822 | 10 |
View Market Depth
| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| IVR (ASX) Chart |