Distance growing between physical and spot price of Goldgold

Thomas G. Brown |

In looking at prices quoted on the NYMEX for silver versus the price of physical silver quoted on EBAY there is about a 16.41% premium. The closing price of the NY market the price was $10.75 per ounce. When I took a look at about 30 quotes listed on EBay I saw that the actual asking price for physical silver is listed at $12.86 This difference in my humble opinion is what the real price of silver. In the coming days, weeks, and months ahead compile the physical price versus the NYMEX prices.


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