The spot price of silver is the price that is quoted for immediate payment and delivery. Settlement and delivery of a silver transaction carried out at a spot price is usually executed within one or two business days. The spot price for silver is influenced by a number of factors but at the most fundamental level is purely a function of supply and demand. COMEX, a division of the New York Stock Exchange and the London commodities market are the preeminent markets whose prices for silver are used as a basis for trading, buying and selling all over the world.
https://www.wisegeek.com/what-determines-the-spot-price-of-silver.htm
The price at the bottom ($32.43) is the price for an actual 1oz Silver Eagles, paid for by credit card, in quantities of less than 20, from APMEX - a precious metals dealer.
This an amazing price difference. One I've never seen before. Many have predicted paper precious metal markets (like COMEX) would one day default. If these prices differences continue to expand, we may be on the verge of this happening. And if PM futures markets collapse, what about other commodity markets, like corn, wheat, soybeans, ...
Like a contagion, the discombobulation could spread to all markets.
In a deflation the price of everything goes down. Eventually.
With the possible exception of dollars.
The whole world is betting on the US and its currency.
Cash is truly the king.
Thanks.
In the past, I dealt with Silvertowne. Paid via PayPal. Usually purchased in increments of 20 oz tubes. Much less of that since my wife's diabetic supplies started soaking up much of our "disposable" income.
Thank you for posting this. Physical is scarce right now,