Assume that the spot price of silver is $15 per ounce and that the storage costs are $2 per ounce no matter how long silver is store in the facility. Also assume the storage costs are paid by the end of the contract and that interest rates are 10% per annum for all maturities. You obtain a quote of $19 per ounce for a one year forward contract from an errant trader. Suppose that each contract is for 2,000 ounces of silver.