gold, page-42227

I think late last week I commented that the Shanghai market was offerring in excess of 10% premium for silver.
That has lessened, as you can see, but has come nowhere near “positive”.

In my humble, uneducated opinion, I view silver not in the same basket as gold.
I am sure the silver market is probably the more “manipulated” market of the two, and so less reflects what is actually happening in real sense.
The premium remains on silver, but at a lower percentage.
I can only surmise they still feel it is necessary to “draw” silver onto the market.

Reading COMEX reports would suggest to you there is not a lot of silver available for delivery within the market, and so perhaps it is more “tightly held”.

Would Hedge Funds and the likes, that hold PM’s, be more inclined to hold gold in lieu of silver perhaps, and so the selling of PM’s to meet margin calls in this jittery sharemarket environment could lean more towards gold than silver?
Once again, my opinion only.
There have been many instances in last month where HC posters are attempting to make sense of events that seemingly do not make sense.
These seem to be strange times