The premium in PSLV for silver remains historically low.
I thought the bear raid this morning was all about breaking the upward momentum in silver in order to keep gold under wraps at 1650.
More on that later in the gold and silver commentary.
"The world needs a new generation of policymakers who don’t hobnob with billionaire speculators and who understand workers’ concerns. Unfortunately, the change will not come smoothly. Political turmoil in the West is very much about this. A heavy price has to be paid to bring about the change."
Andy Xie, SCMP 21 Sept 2018