No problems In a normal market, the spot price is lower than the futures price, where the further out you go the higher the price. All physical transactions are conducted at the spot price which if it is higher that the futures price indicates that the the buyer is finding it hard to obtain supply rather than waiting to get supply from the Comex say. Remember back in 2020 this gap was close to a $1 as investors scrambled to obtain physical. Yes a few cents doesn’t seem much, it would if you were looking for millions of ounces. There is plenty of evidence that silver supply is falling.
IVR Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
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