Monday, April 4, 2011

Silver Forward mid rate

Well, actually, I hates historical analogies...
Is about stupid "anchor's effect". It's so incompetent in my opinion ;)
But today's fixing results in London shows us, that SIFO (silver forward mid rate) dropped to 0.37% (17,7% from Friday's level)
Look trough the silver's chart on dates: 10th January 2010, 4th August 2010, 15th October 2010 and 29th December 2010 here you are alike situation.

Hedge your longs...

1m Libor USD - 1m Sifo spread

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