“”The Sprott silver fund (PSLV ) remains at a high premium of 18.4% to NAV. I guess this is the real price of physical silver.””
Which would make physical $42.81 at this moment.
Which would make physical $42.81 at this moment.>>>>>>>
That is my take. Take a look at Sprott silver tomorrow for more indications. How about this. The reports of COMEX buying off people to go away and not demand physical silver in settlement. These people are being bribed at a price of 42-45$ an ounce to stop making problems, not 60 or 80. Just my guesstimate.
I have seen this going on for a few years where the silver and gold bugs try to gin up reports of COMEX being really squeezed by demand for silver and gold delivery plus all those guys hate JPM and Blythe Masters. They are making progress but the huge squeeze is not here yet
“Which would make physical $42.81 at this moment.”
Actually, no that is not right. You have to adjust this price for the convenience of owning a stock as opposed to storing silver. Also, while you can own physical silver in a retirement account, it is much simpler just owning the ETF.