Odd how Silver is in fundemental Backwardation, till the end of the year.
Large contract gold is also in Backwardation compared to the carrying costs just like silver, has carrying cost backwardation.
That has to worry some one somewhere that they will have to deliver on that backwardation.Costly to be sure for the shorts. Just like oil's continued backwardation. Both are in need of an explosion to the up side to deliver those contracts, that are in close in backward carry. You do see that backward carry ,right ,in the futures contracts for gold and silver? Or do you understand contango and backwardation?