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/biz/ - Business & Finance

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>> No.27734731 [View]
File: 83 KB, 1462x720, comex.png [View same] [iqdb] [saucenao] [google]
27734731

>>27734457
For every 4750 dollars accounted for in the US financial system there is 1 ounce of silver accounted for in the us financial system - from traders to government vaults to private safes. Without market manipulation and accounting for inflation, the price of silver should unironically be almost $5,000 per troy ounce.

Spot price is set by COMES and COMEX is not a physical market - it's derivatives. So Spot price is the price of derivatives, or paper silver - not the price of physical bullion in your hand.

>> No.27576676 [View]
File: 83 KB, 1462x720, comex.png [View same] [iqdb] [saucenao] [google]
27576676

>>27576595
Spot price is based on SLV, not physical silver, and set by COMEX - which is a derivatives market and not a physical market.

>> No.27523158 [View]
File: 83 KB, 1462x720, comex.png [View same] [iqdb] [saucenao] [google]
27523158

>>27522413
COMEX spot price is derivatives, not physical. If we're going to use "Spot price" to determine the value of physical, COMEX has no business setting it.

>> No.27516548 [View]
File: 83 KB, 1462x720, comex.png [View same] [iqdb] [saucenao] [google]
27516548

>>27515556
>>27515779
For those that can't see in the back:
https://www.cmegroup.com/company/comex.html

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