WallStForMainSt: Silver Squeeze Growing? Divergence Between Paper Silver Price, SLV & Physical Silver & PSLV Growing!
The divergence between paper silver prices and the real cost to actually buy ounces of physical silver continues to grow!
While the paper silver price has been smashed this week from over $29 down to $26 this week, premiums (if US bullion dealers even have silver coins and bars) are 20% or more if there is even supply available for physical metal.
Silver Coin Sites Seize Up as Buying Frenzy Takes Hold https://finance.yahoo.com/news/silver-retail-sites-grind-halt-190456039.html
This is also the case for the SLV and the Sprott Physical Silver Trust (PSLV). While enormous net capital inflows are going into both the SLV and the PSLV, the PSLV is gaining in percentage terms for its performance against the SLV and the PSLV now also trades at a slight premium to its net asset value (NAV).
Amid the Silver Mania, Investors Are Turning to the PSLV Trust https://www.nasdaq.com/articles/amid-the-silver-mania-investors-are-turning-to-the-pslv-trust-2021-02-02
Track the PSLV's discount or premium to NAV here: https://www.sprott.com/investment-strategies/physical-bullion-trusts/silver/net-asset-value-premium-discount/#
Jason also talks about why the US Mint cannot source physical silver blanks from sources outside the US and how the US Mint is run very similarly to the Department of Motor Vehicles.
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