A US Regulator Just Said the Silver Market Is Structurally Broken | Metals Mine

  • A US Regulator Just Said the Silver Market Is Structurally Broken

    From silverpriceforecast.com

    On April 16, the Chairman of the US Commodity Futures Trading Commission publicly endorsed legislation that would break up the geographic concentration of silver depositories approved for COMEX delivery. It is the first time a sitting US precious-metals regulator has formally aligned with the decentralization argument. The bill may or may not pass. The endorsement has already changed the landscape. Silver is trading around $73 today, roughly 40% below the January 29 all-time high of $121.67 and about 11% below the April 17 intraday peak. The paper price is misbehaving relative to the fundamental picture, a pattern ... (full story)

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