Silver Continue to Rally

As physical silver shortage continues, price of  silver should continue to rise as well seeking supply. Although price has rallied over $20 per ounce since silver's price backwardation started, when silver was only $17 per ounce, backwardation still continue to persist to this day, an indication that price will need to rise much further to achieve it equilibrium price. A further rise in price would intensify the already intense short-squeeze in silver.

Here is a chart of spot silver taken today at the end of the day.