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Re: Silver Backwardation - Ronbo
In Response To: Silver Backwardation - Ronbo ()

I have been watching the spot silver price for some time. It was $27.07 on 26 Jan 2011 and went up a month later at $28.14. I thought it would cool down due to cooling effect of Egyptian scenario following Mubarak stepping down, but it went up again and subsequently came down to $28.73 during mid afternoon on Monday 14 Feb. Now it is up again to $30.51 range. The traditinal Gold/Silver ratio of 50:1 is now diverted to 45:1. So where it is likely to rest in the near future? The standrad economic theory of Demand and Supply curve gives an upward directional movement. Will it long last? No trading advice given but keen to learn from the Financial Gurus about its future trend. - Som, Australia 15 Feb

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Re: Silver Backwardation - Ronbo