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Silver Bullion Prices Coming In

May 22, 2011

Just doing my usual eBay & APMEX checks, and seeing that eBay is selling maples & eagles for $40-41 which is also what you can get them on APMEX for. APMEX is still holding to May 27th for the silver maples, so it appears its a bit tough getting supply there but I also note that premium is $4.89 which is coming in from a mid $5’s a few weeks ago.

All this points to demand softening a bit. Gold as we speak is 1517 after a nice run on friday, and silver 35.39. If silver can show that its based here I think we will see the physical demand and bullion premium begin to push back out. Personally I am looking towards the end of June for a fresh round or purchases because I think things are a bit unstable until QE3 is sorted out.

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