THE SNUGBUS Archive

Re: Silver at $12.50, 1oz eagle @ $19.85, leaf @ $16.84

I did some digging yesterday as to why the price of silver is down so much but the silver eagles and other coins were not.
It seems the banks are selling their gold/silver contracts and flooding the market with contracts, thus pushing the price down. Physical possession demand is through the roof.
Seems like a reasonable explanation to me.
Best buy now is 90% junk silver. About $3 over spot.

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