James Turk - Silver Backwardation Near All-Time Record

“I think today was the breakout in gold, but it is one or two days behind silver.  The key here Eric is that silver remains in backwardation even though silver is at a new 31 year high in terms of price.  That shows that the demand for physical silver is not diminishing even though the price is rising.  What’s also important is that the length of time silver has been in backwardation is very close to a new record.”

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