Silver backwardation remains nearly unchanged from last week.
Front month silver settled at $35.41 on Tuesday. Silver closed in contango
from front months through March 2012, which settled exactly at the front
month $35.41.
From May 2012 on out, silver remains in backwardation.
May 2012 settled at a 0.04 discount to June 11, and backwardation increases through
the December 2015 contract which settled at $34.412, or exactly a $1
discount to front month contracts. The back-end months did tighten by about
a dime (the copper/zinc ones, not the real ones) today.
Apparently the majority of traders aren't too concerned about July COMEX
delivery, but no one thinks Blythe and friends will still have the goods come
2015!
Daily Settlements for Silver Futures Trade Date: 06/14/2011 |
| Month | Open |
|
|
| Change | Settle | Estimated
Volume | Prior Day
Open Interest |
| JUN 11 | 34.960 |
|
|
| +.674 | 35.410 | 23 | 18 |
| JLY 11 | 34.770 |
|
|
| +.674 | 35.411 | 65,290 | 42,810 |
| AUG 11 | 35.065 |
|
|
| +.679 | 35.417 | 213 | 69 |
| SEP 11 | 34.755 |
|
|
| +.678 | 35.423 | 9,498 | 27,237 |
| DEC 11 | 34.875 |
|
|
| +.678 | 35.439 | 2,704 | 23,101 |
| JAN 12 | - |
|
|
| +.683 | 35.434 | 5 | 143 |
| MAR 12 | - |
|
|
| +.681 | 35.410 | 557 | 3,889 |
| MAY 12 | 35.125 |
|
|
| +.684 | 35.377 | 25 | 1,276 |
| JLY 12 | - |
|
|
| +.687 | 35.355 | 77 | 1,827 |
| SEP 12 | - |
|
|
| +.690 | 35.336 | - | 207 |
| DEC 12 | 34.900 |
|
|
| +.696 | 35.314 | 200 | 7,810 |
| JAN 13 | 34.500 |
|
|
| +.701 | 35.289 | 1 | 1 |
| MAR 13 | - |
|
|
| +.711 | 35.233 | - | 5 |
| JLY 13 | 34.650 |
|
|
| +.726 | 35.161 | 125 | 2,164 |
| DEC 13 | 34.370 |
|
|
| +.726 | 35.049 | 54 | 6,448 |
| JLY 14 | - |
|
|
| +.736 | 34.865 | 36 | 206 |
| DEC 14 | - |
|
|
| +.756 | 34.749 | 32 | 962 |
| JLY 15 | - |
|
|
| +.756 | 34.547 | 25 | 111 |
| DEC 15 | 33.610 |
|
|
| +.756 | 34.412 | 33 | 414 |
| Total |
|
|
|
|
|
| 78,898 | 118,698 |
Last Updated 06/14/2011 04:30 PM
