Premiums on physical silver are now higher than they were during the lows of the March 2020 crash when silver hit $11.64. The most recent silver lows at $18.08 are 55% higher than that.
Premiums have gone straight up since SilverSqueeze1, which shows that the Silverbacks are relentless and gaining ground.
Meanwhile, registered silver supplies at the Comex break below 60 million ounces for the first time since 2018, which makes sense if there’s a 35% arbitrage to close between the Comex and coin dealers.
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