Disconnect between selling price of physical silver and paper silver

As the paper silver keeps falling (blue chart), some miners aren't willing to reduce their selling price (red chart) on their silver bullion.




This lead to a huge disconnect between paper and physical silver of $5.5/ounce, or a 25% premium!



Chart 1: Disconnect between Physical Silver and Paper Silver at First Majestic Silver Corp




Comments

  1. the demand for "paper" precious metals is very weak, the demand for physical precious metals is at record levels. In the bull camp, the disconnect between the paper and physical markets is seen as an unsustainable state which must correct itself.

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  2. Silver is readily available at a quality to "smudge" and record sales have been in the works in recent months.

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  3. Silver Fluctuation done in recents months
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