TSXV:SLX.P - Post by User
Post by
goldstrikeon Feb 20, 2011 10:11am
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Post# 18166167
Physical silver price!!
Physical silver price!!Well as you guys know Silver paper spot price closed around $32.64 on friday after a couple of record breaking days. I decided it was time to check out the physical price for 1 ounce Silver Britannia coins on Ebay UK and was surprised to see that the coin shops were asking £30 plus VAT at 20% (£36) each and the bids placed on private sellers ranged between £21 to £29.40 per coin. A quick look at £ to $ exchange rate means the physical market is somewhere between $40-$48 per ounce!!! And this comes on the back of a very bearish January for the paper metals market. I expect the paper price will rise towards current physical levels quite purposely over the next couple of months. GLTA