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Silver squeeze
in Silver
Posted
supposably since the squeeze started in Feb it has drained over 37 million ounces from the comex and lowered demand for paper silver (according to a write up on Seekingalpha), but at the cost of increasing premiums and reducing availability of physical silver, so seems the real winners are the dealers who could justify raising premiums while at the same time moving stock quickly. Right now if I could afford spending another $2616 +$450 USD in premiums (which is what it would cost me locally) on a 100 oz of silver I would rather buy gold (though I have bought 62 oz of silver since Feb.)