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GoldMoney Alert - 15 March 2009

Extraordinary Stress in the Silver Market

More importantly, silver is in backwardation in London, one of the major markets for trading physical silver. I first drew attention to this phenomenon in my alert on February 15, 2009, noting therein that "silver has been in backwardation since January 21st". Unbelievably, silver is still in backwardation - an incredible and to my knowledge, unprecedented 38 trading days in a row!