In the last week lease rates for silver are up. The long duration rates were first to move while the short term rate showed some volatility.

One obscure pendant believes that the short term lease rates may be an indicator of what the CRIMEX paper hangers are doing. An increase in short term rates right around delivery time indicates a shortage in physical stock.

The fundamentals for gold are increasing each day. Though silver is usually a follower to gold price action, the worsening global economy is suffering and could severely impact industrial demand for the white metal. Offsetting this is the strengthening of the precious metals as investors are running out of safe havens they are shifting slowly but surely into the historic safe havens.

With gold approaching $1,000 silver may become the only pm alternative for the masses.