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Joe Serino's avatar

Most did not sell. All they did was create a greater divergence between spot price and actual physical with premiums rising up to $14 or more in many places. "sales" were $7 over spot. Try buying a silver Eagle for $71. The arbitrage to Shanghai is widening and draining the west of physical, if they even have any.

sosumi's avatar

The physical market is rapidly decoupling from the paper market riggers ponzi. Physical silver investors are holding firm. The Shanghai exchange is presently offering $80.64 oz.

APMEX, Liberty, MCM, Pinehurst, Aydin and other major coin merchants are selling 1 oz. American Silver Eagles ranging between $86-$90 for common (non-numismatic) dates and people are buying them up as quickly as they get their hands on the physical.

No one who holds physical cares any longer about the paper market. The physical & the papermarket are 2 completely different markets now. The paper market has become irrelevant.

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