donderdag 30 oktober 2014

Silver premiums push higher

I can't make charts yet as I'm in Hong Kong, but I do know that Shanghai silver premiums have now hit 17%, which means that silver in London can now be transported to China for a profit, including the 17% tax. Very important now to watch SLV to see what happens there. If GLD can be raided, which is in progress at this very moment, why can't SLV be raided?

On another note I see that physical silver is getting high demand now. Look at the Sprott physical silver trust premium, which recorded a new high for the year. The probability of Eric Sprott making a silver offering has increased, especially now when silver is scarce and in deficit, especially in Shanghai.