BNP Paribas obviously thinks the price of silver is about to go on a tear.
It has agreed to pay $US20.58 an ounce for 680,000 ounces of the white metal to be delivered from December through to June 2012. That compares with a closing price on Friday in New York of $US20.79/oz (although intraday it poked its head above $US21/oz).
http://www.theaustralian.com.au/business/mining-energy/silver-looks-ready-to-rip/story-e6frg9ex-1225926785632
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