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Paper Silver Market Is Breaking Down – Physical Price Is Double Spot Price

Written by Mike Swatek Subject: Precious Metals

Finally, the paper silver market seems to be breaking down. At retail silver sellers like JM Bullion, prices are now about double the spot (rigged paper market) price. At the time of this writing, spot was $12.17 while 1-oz silver rounds were $21.52 for 20 or more paid with wire transfer. Smaller quantities paid with credit card or Paypal were $23.49.

I've been watching the physical premium rise since early yesterday. I might be only a short time until the paper market for silver implodes and holders start receiving cash payments for a ridiculously low price for the silver they thought they owned.

It's a wonderful time to be holding physical silver :-)


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