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Intensifying Shortage: This Is What A Run On The London Silver Market Looks Like
Today, Dutch trading specialist Karel Mercx posted the following commentary where the opposite (multiply by -1) of the silver swap rate minus US interest rates can be used as a proxy for the implied silver lease rate to determine physical shortage in the London silver market.: “The 1-year silver swap minus the US interest rate is now –7.18%. That distortion explains why the silver rally is not over. Only at the red line do supply and demand normalize.” A further six days ago Mercx posted the following commentary: “ The 1-year silver swap minus the US interest rate is now almost –7%! That distortion is the ... (full story)