Gold is still carrying a higher premium in the funds and trust than silver.
Notice how sharply gold and silver have moved after those weeks of tedious capping. And there is not a lot of doubt in my mind that it was conscious and purposeful.
I hope you were able to take advantage of this 'tell' as well as the absurd pinning action which we saw in the equity markets since the beginning of August, especially in the SP 500.
Sprott PSLV is continuing to add to silver inventory and drawing down the cash raised in their last unit offering.
There are still a number of ways to interpret this. I suspect that there is news-in-the-making being digested behind the scenes. War, QE, some major Euro development, take your pick.
Note: I have included a second set of data from later today.
