What the Silver Shortages Mean

Price doesn't mean anything if there is no product available.

A man emailed me tonight, and asked, "What is a reasonable price to pay to get 10,000 oz. of silver in 100 oz. bar form?" It used to be about 50 to 70 cents over spot. But I no longer know. You cannot find such silver in such quantity available anywhere.

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So here's what the shortages mean. The public has turned buyer, 5 months ago, and has remained a buyer, all the way down on this dip, ever since. This is a monumental sea change in the silver market.