Silver Market Morning: Dec 12 2016 - Gold and Silver break down again!

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While Shanghai prices fell, they did not follow New York leaving New York at a higher discount to Shanghai of $29.21. London opened at a higher discount to Shanghai of $33.21. This further emphasizes that the two markets are structurally different to each other. The physically settled Shanghai transactions and the paper transactions of New York and London. The London OTC [over the counter] markets is one where well over 95% of transactions are closed out before maturity.

Gold Today

Monday, December 12th

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First published here: Silver Market Morning: Dec 12 2016 - Gold and Silver break down again!

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