ONE reasonable coments from blogger:
Foolish to sell here, there is no silver left above ground, what is to be
mined is spoken for too, well into the future.
PSLV is a better indicator of price/value of silver than your COMEX price
you think silver's value should be based on. You are looking at NAV thinking
that the Futures price is indicative fair value, but it is not paper market
is totaly disconected from reality of demand and supply.
Paper market Silver is underpricing the real value of silver, PSLV is
pricing it correctly, you watch COMEX price play catch up with PSLV.
Silver should be trading $50 or higher, basically like all commodities if
its in short supply the price goes up, if there is lots of it price goes
down.
The dollar is a commodity and there are far too many dollars in the market,
so its falling in value. The dollar is collapsing, look at Dollar Index
break of 77 crux, level. This is it people want hard money not colored paper.
There is no chance of a secondary offering till probably as early as late
2015.
Because there is no silver left above ground! ask all the mints they have
none, stopped selling the coins too.
I imagine some traders are still short and they are about to be cleaned out
others possibly bailed out by more money printing.
You cannot rule out that PSLV is going to $18 by the end of this week. And
Silver $40 is not out the question with the Dollar Index breaking like it is.