[Fury]

I'm watching the huge divergence between the paper metals and the real thing. For example, Silver Eagles are selling for $24, while contract spot is $12.85, currently.

Can you explain that in more detail? I've noticed it as well.

How much has the spread between the two gotten historically (fully realizing that this is Black Swan event)?

[amorphous]

I’ve never seen the spread this great. Not even during the bull run when silver hit $50. Holders of PM contracts, maybe not wanting to be left with worthless paper, are selling like mad. People are buying the real thing and dealers are posting shipping delay notices.