14
February
US silver term structure inverts as supply tightens (GC in CNBC via Reuters)
14 February 2011 CNBC
The tightest physical silver supplies in four years have tipped the U.S. silver futures market into backwardation this week, making near-term prices more expensive than more distant months. Market watchers said that it has been more than 10 years since silver futures were last in backwardation, an unusual term structure, associated with shortage of physical supply.
...
"The extent of the backwardation in silver is unprecedented. It suggests that retail investment and industrial demand internationally is very robust and the small silver bullion market cannot cater to the level of demand for refined coin and bar product," bullion dealer GoldCore said in a note on Friday.
http://www.cnbc.com/id/41534746/US_silver_term_structure_inverts_as_supply_tightens
