The cartel raid continues in the paper silver market today, with silver now under $40, selling off as low as $39.62. The propaganda machine is preaching from the bell towers that silver’s physical demand has collapsed, and silver is now in a bear market.
The Doc decided to check ebay today, to get an update on how physical silver has responded to this week’s smack-down in the silver pits.
We’ve been monitoring US Silver Eagle auctions again over the past hour or two, and present the following US Silver Eagle auction closes:
At $54.25, this is a $14.50 PREMIUM to paper silver prices, or a 36.5% PREMIUM!
Can you say Deja-vu 2008 all over again? Paper silver is taken to the cleaners, and PHYSICAL SILVER DEMAND SKYROCKETS!
Amazingly, physical silver US eagles on the free market remain within $2-3 of their auction values before the sell-off, even while paper silver has collapsed $10!
Ended:May 04, 201108:36:04 PDT