I'm trying to get a fix on the divergence between the COMEX make-believe paper precious metal prices, the ETF prices, and real in-your-hand physical.
Street price here is spot plus $1-3 depending on the day and previous movements.
Well I've a very longstanding relationship with this person, so I paid 1.50 an oz over spot.
He did have a couple of Krugerands left and told me that the premium on those was 1.75 TIMES spot. That's frigging outrageous.
His posted price on Prospectors (silver 1 oz round) was 2 times spot, and that's if he had any which he didn't.
So that would put the cash in hand price on silver at around 22 bucks an ounce. That's just crazy. I don't know how much that helps. A price on something the dealer doesn't have ain't worth much.
My data is good as of Friday. Sorry I can't be of more help.
L