$15.50/oz?  Good luck finding any at the price. Unless you want to buy shares in an Ag ETF.  "Premium" for the physical, at least on Ag Eagles, is running $9 per.  And that's if you can find them. 

This is one of the lowest online places you'll find Ag Eagles: https://www.silver.com/american-silver-eagles-varied-year/

And that's the difference between Wall Street and Main Street.

Spot price is generally determined by what Ag ETF's (i.e., paper shares) are trading for on the floor. Unfortunately, just like Federal Reserve Notes (i.e., U.S. "dollar" paper currency), they are not backed by the physical. Thus, the price of Ag can be manipulated by, for example, simply issuing more shares of Ag for the ETF. In times of high demand for the physical, though, there is a decoupling from the spot price and what the physical sells for. Simple supply and demand. If the spot price were truly coupled with the physical, we should see the spot price nearly double what it is. Instead, what sellers of Ag physical do, is simply kick up the 'premiums' to match whatever the real on-the-street price is for Ag.


Word on the street is that, because of COVID, mining has slowed or come to a standstill.  So there's presently no Ag being pulled from the ground.  Which should push the price of physical even higher (unlike Au, Ag has many industrial uses). 

Yesterday, gold hit its all-time record, again, and silver was at $29/oz (nearly double since my April post 3.5 months ago).

Time to buy seeds, gas, groceries, dry goods, medicines, etc.

Guns, if you can still find them, are also skyrocketing.

The dollar is crashing, and inflation is here and accelerating...again.

And it’s all part of the plan to transform America.