In the shortened week (Good Friday), the prices of the metals didn’t change much, though it’s notable that the price of gold went up a few bucks while the price of silver dropped a few dimes. We discussed that a few weeks ago. For a picture of the changing supply and demand fundamentals of gold [...]
@petter_w,
fundamental price for silver is not _below_ the market price. Keith said it fells since last week (but remains above market price because of the backwardation.)
Keith, Thanks very much for your commentary, it is always appreciated. Could you explain how the fundamental theoretical price is calculated?
Both silver and gold are backwardated. Why is the ‘fundamental’ price below the market price for silver but above for gold?
@petter_w,
fundamental price for silver is not _below_ the market price. Keith said it fells since last week (but remains above market price because of the backwardation.)