Reuters gave Reddit's Wall Street Silver some condescending coverage last Friday, the same day that Basel 3 rules were being declared, banks in the City of London could become exempt.

Also, this week the Russian Sovereign Wealth fund has again declared it has completely cut holdings of fiat Federal Reserve notes, opting instead to go long gold bullion.

And other eastern nations and government mints have returned to take large swaths of the wholesale and retail physical bullion market shares.

The silver spot price closed slightly lower for the week, at just over 26 fiat Fed notes per troy ounce spot. 

The spot gold price edged higher to end the week at just over 1800 fiat Federal Reserve notes per troy ounce spot.

The gold-silver ratio climbed to end this week at 69.

Can Reddit's Silver "Apes" Beat the Market?