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<p>[QUOTE=&quot;Cloudsweeper99, post: 647728, member: 3011&quot;]The original purpose of the futures market was to enable producers and consumers of physical silver to hedge their needs in the future.&nbsp; It was a price discovery process for silver.&nbsp; In more recent times, the volume of trading by speculators on both the long and short side has dwarfed the legitimate hedgers.&nbsp; In my opinion, the result is that the price of silver established by the futures market has lost some of its connection with the actual physical market.&nbsp; The fact that one ounce silver coins exceed the spot price is evidence that the price of physical silver exceeds the price of paper silver.[/QUOTE]</p><p><br /></p>

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