As the price of silver rose over 2% this week, the cobasis basically held steady. There is some buying of metal here, and some speculation too. This is not exactly the picture of a feeding frenzy, with an outlook of silver-to-da-moon. But nor is it a sign of a speculative blip, with a prognosis of a crash.
The Monetary Metals Silver Fundamental Price rose 12 cents, to $15.91.
This week, of course, the stock market went up. Does the incredible bull market roar back to life? We are not…