Today the premium for PSLV soared to its all time high of 30% to spot price.
Why on earth would someone pay a 30% premium to spot price? Yes, exactly because the physical silver is much safer as the paper silver. It just shows that physical and paper silver are decoupling. It also shows that physical silver will soon lead the market price of silver. People buy at these high prices because they see silver prices going up in the future.
I'm also recently keeping an Excel file with the price of PSLV/PHYS together with the premium of PSLV/PHYS over time. Let's see which correlation I can deduct from these numbers.
You can find the premiums on the Eric Sprott sites:
PHYS premium
PSLV premium
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donderdag 5 januari 2012
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