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The Decline and Fall of Silver Backwardation 11 Oct, 2015 - Keith Weiner - Monetary Metals

Dear sir, I wish you would realize that currently their is a investment short of silver bullion, but their is no industrial shortage of silver at the current time. The silver that is used in jewelry and other fabrication does not have to be as pure as investment, which is .999+. Also current mine and scrap supply are falling. Due to lower prices. The top Five producing countries are already down 5% for the years total, with China even and Chile up . Austria and Canada are down by 11 million ozs also.
It will only be a matter of time when the rest of the world will move into the silver market and start buying up all the silver that they can get their hands on. That means the future markets will be the last place that you will see the price sky rockets because people do not trust them, and they are already at a 250-1 ratio. that means 250 paper ounces to one real ounce of silver. So you see it is how you look at it. I see a investment physical shortage not a industrial shortage. It is all about how you look at it.
Oh it will change when the price of silver moves up to higher levels like over 32 USD a oz and some people will be taking profits, bringing down prices again.

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Beginning of the headline :The gold price moved up $18. However, the silver price moved up 60 cents which is a much bigger percentage. The silver community is getting pretty excited. A market trend will often begin when a small number of traders learn something new. As they begin buying (or selling), the price begins to move. Others become aware of the truth, and they begin buying. There’s just one problem with these moves. By the time most people hear about it, the fundamentals have changed. Oh the discovery may still be... Read More

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