That being said, contrary to several recent articles stating otherwise, silver does remain in a slight backwardation. Silver's backwardation has however been noticeably easing over the past few months, and only the last 4 traded months, beginning with the July 15 contract remain in backwardation.
With silver threatening to break out past $35 and out of its 9 month downtrend, the physical market is likely to again tighten when traders again feel the rush of a major move up in the shiny metal.
|Daily Settlements for Silver Futures (FINAL)Trade Date: 02/22/2012|
|Prior Day |