There is considerable backwardation in the London market. This is something that should never happen under normal circumstances. It is just another indication of a very tight physical market.
Longer wait times for delivery are being experienced in certain markets for both metals. Premiums for physical silver are widening over the manipulated paper price, and demand in the very important Indian and Chinese markets remains robust. I strongly suspect that available supplies of physical gold and silver are rapidly evaporating in the West. And when one realizes how many paper claims are in existence for each physical ounce available, there is going to be mayhem when the balloon goes up on this Ponzi scheme.