Rush to Physical Silver Results in Soaring Premiums for Silver Coins
There is no doubt that silver prices
have been crushed in recent years. Since its peak of around $50.00 per
ounce in April 2011, the silver spot price has plunged more than 70% to
$14.55. However, to establish an outlook for the price of the grey
metal, we have to set one thing straight first: what do we mean by
silver price?
You see, silver trades on many different venues. You can get paper
silver on futures exchanges such as COMEX; you can buy silver
exchange-traded funds (ETFs) on stock exchanges; or you can get physical
silver from your local bullion store. To me at least, the real price of
silver should be the price you pay to get the physical metal into your
vault.
And on that front, here is an interesting pattern about the different silver prices:
Patience prevails...
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