Silver - Law of supply and demand not holding!!

kmiklas said:
Looks like silver eagles are selling on ebay for $22-$26 per oz.
https://www.ebay.com/sch/Bullion/39...0&_fosrp=1&_nkw=1+oz+silver+eagle+coin&_sop=1

Massive spread between London silver spot and street metal prices.


To my point, this creates a supply-side limitation. Even with demand unchanged, prices _should_ go up; with the demand increase from CV, they should spike up... NOT DOWN!
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APMEX also selling Silver eagles about $12-$13 OVER spot. $24.82 right now, but if you buy 1500+ coins, you can get them for the low price of $22.82 each. Not available until April 15th though. It was actually cheaper to buy the coins BEFORE the price went down.
 
People have been pumping Silver as undervalued for decades. Now we’re at the viral apocalypse and Silver is depreciating? Draw a sensible conclusion. :banghead:
 
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