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Silver Hits $50 and Goes Deep Into Backwardation
I like the shiny. And now so does everyone else apparently. The spot price of silver has crossed the important threshold of $50 this morning as markets have gone deep into backwardation amid a shortage of physical bars in London and for some reason US traders seem unwilling to send the metal back across the pond to capture arbitrage.
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By Nobody Special FinanceI like the shiny. And now so does everyone else apparently. The spot price of silver has crossed the important threshold of $50 this morning as markets have gone deep into backwardation amid a shortage of physical bars in London and for some reason US traders seem unwilling to send the metal back across the pond to capture arbitrage.
Support the Channel on Patreon: https://www.patreon.com/NobodySpecialFinance
Support the Channel by Buying Me a Coffee https://www.buymeacoffee.com/nobodyspecial
Subscribe to Nobody Special on YouTube: https://www.youtube.com/@NobodySpecialFinance
Follow Nobody Special on X(twitter): https://x.com/JG_Nuke