Something must be wrong here. Why is eligible silver rising at such a high pace, while registered silver doesn't budge? This trend can't last...
If we look at the premiums on APMEX, we get this. 12% and 16%, which are pretty high premiums lately.
Is it because shorts can't get out?
| Chart 1: COMEX Silver Stock |
| Chart 2: APMEX 100+ silver coin premium |
| Chart 3: APMEX 1-19 silver coin premium |