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    The document shows monthly silver Eagle coin sales figures from the U.S. Mint from March 2009 to January 2011, with sales peaking at 6.4 million ounces in January 2011 after generally increasing monthly sales from 3.1 million ounces in March 2009. A chart compares the spot and futures prices of silver from December 1986 to November 2010, with the futures price usually slightly above the spot price, indicating contango.

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    The document shows monthly silver Eagle coin sales figures from the U.S. Mint from March 2009 to January 2011, with sales peaking at 6.4 million ounces in January 2011 after generally increasing monthly sales from 3.1 million ounces in March 2009. A chart compares the spot and futures prices of silver from December 1986 to November 2010, with the futures price usually slightly above the spot price, indicating contango.

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    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    16 views2 pages

    Contango

    Uploaded by

    maurlamf
    The document shows monthly silver Eagle coin sales figures from the U.S. Mint from March 2009 to January 2011, with sales peaking at 6.4 million ounces in January 2011 after generally increasing monthly sales from 3.1 million ounces in March 2009. A chart compares the spot and futures prices of silver from December 1986 to November 2010, with the futures price usually slightly above the spot price, indicating contango.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    1 July 2010 2,981,000

    2 June 2010 3,001,000


    3 March 2009 3,132,000
    4 October 2010 3,150,000
    5 March 2010 3,381,000
    6 January 2010 3,592,500
    7 May 2010 3,636,500
    8 December 1986 3,696,000
    9 November 2010 4,260,000
    10 January 2011 6,422,000

    Spot Price (N 105.00 105


    Futures Price 107 103

    Source: U.S. Mint


    U.S.Contango
    Silver Eagle Sales
    and Backwardation 7,000,000
    (ounces) 6,000,000
    $108
    5,000,000
    $107
    4,000,000

    3,000,000 $106

    2,000,000 $105
    1,000,000
    $104
    0
    $103

    $102

    Source: U.S. Mint $101


    Spot Price (Now) Futures Price

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