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Gold/Mining/Energy : Silver prices

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To: Judy who wrote (360)	12/31/1997 2:42:00 PM
From: Abner Hosmer	Read Replies (1) of 8010

Judy, George - More from D.A. kitcomm.com Judy, re "world silver", could they have been referring to the difference between spot prices and the futures? Normally in commodities markets the futures cost more than the spot. When the spot price is higher than the futures the market is said to be in "backwardation". This is normally an indication of tight supplies, resulting in a premium being paid for immediate delivery. Hope this helps. Tom

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