151 Silver breaks through $64 on third attempt on its way to $83 ($4.5T marketcap), knocking MSFT out of the TOP5 worldwide assets. (media.greatawakening.win) 𝕃 𝔽 𝔾 ! ! ! posted 219 days ago by MemeToDeath2021 219 days ago by MemeToDeath2021 +151 / -0 51 comments download share 51 comments share download save hide report block hide replies
Spot hit 64.03,we are getting very close to backwardation. That is when spot is higher than the futures market. Smelters will have to shut down as it will cost them to much to hedge the price.....
I read a while ago the backwardation will persist until at least the second quarter next year. Its going to be a wild ride.
.30 away from backwardation right now.
It's one more thing,to jack up the market in our favor..