Two possible indicators that a physical silver shortage may be - TopicsExpress



          

Two possible indicators that a physical silver shortage may be getting serious: 1. In the last three weeks, more than 32 million ounces of physical silver has been removed from the SLV exchange traded fund. Somebody must be desperate to get their hands on some physical silver! 2. One of our largest competitors last week was selling good quality 1 oz silver ingots in large quantity orders at $1.09 per ounce above the ask silver spot price. They are now quoting $1.97 above the ask silver spot price for large quantities. At todays close, Liberty was still quoting $1.25 above the ask silver spot price, but not sure how long this will stay this low of a premium. When you figure that silver during intraday trading on December 1, 2014 bottomed at $14.25 and it is now $18.35, that is a 28.8% jump in barely 7 weeks. Silver is even 16.7% above where it closed in US markets on December 31, 2014. It wont be a straight line, but looks like we are off to the races again. By the way, the US Dollar Index is only up 4.7% since the close on December 31, 2014.
Posted on: Thu, 22 Jan 2015 23:45:00 +0000

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