from24/7 Wall St.
7 hours agoWait and See, The Great Silver Selloff Is Temporary
Although silver futures prices took a plunge, the demand for physical silver still remains at an alltime high. The differential between futures prices and spot prices opened further, increasing the backwardation ratio. While futures prices on the COMEX and LBMA were in the $60-$80 range, the Shanghai Metals Exchange was still offering spot physical silver north of $90-$110 per oz.
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