>>60968362
>If silver is 500/oz because of a billion buyers out there you get spot or more because the dealers can't get enough silver to supply the demand.
This is actually the case. (((Miles Franklin))) was paying $12 dollars over spot for US Eagles (monster boxes or tubes) and was selling them for $18 over spot during silversqueeze in 2021.

In other words when the supply gets tight, premiums go way above spot and dealers will PAY above spot, or in other words, there is a bifurcation between spot and retail, as the spot market is no longer functioning to provide real price discovery.

Expect this to happen in the next raging bull market as well. Unlike during covid when it was funded by stimmie (greed) checks, this market will be driven by fear and flight to security as people look for somewhere safe to put their retirement funds.