Here's an update on premiums.
Even though silver dropped to its low of $18.7/ounce, miners have not dropped prices of silver bullion. The result is a record high premium to get your hands on physical silver.
APMEX silver premiums are steady.
Junk silver premium is stable.
Shanghai silver premiums are soaring.
While Shanghai gold premiums are zero.
Today the gold premium on APMEX had a little bounce upwards when gold was slammed down.
Conclusion, I think silver is still pretty cheap here.
Even though silver dropped to its low of $18.7/ounce, miners have not dropped prices of silver bullion. The result is a record high premium to get your hands on physical silver.
APMEX silver premiums are steady.
Junk silver premium is stable.
While Shanghai gold premiums are zero.
Today the gold premium on APMEX had a little bounce upwards when gold was slammed down.
Conclusion, I think silver is still pretty cheap here.
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