Thursday, April 7, 2011

Real Price of Silver $51.65 / oz!

While exploding recently, the COMEX/LBMA price of silver has yet to reach $40 (this may be achieved by morning, silver is currently touching $39.83 in Asian trading).  For those concerned $40 will be a top for silver, you might be interested to learn the true free market price for silver is $51.65/oz!
SilverDoctors has monitored 2011 US Silver Eagle Auctions on Ebay this evening to get a feel for the physical silver market. We list the following auction ending values:

$146.22 for 3 USSE's (48.74 each)
$145.98 for 3 USSE's (48.66 each)
$143.13 for 3 USSE's ($47.71 each)
And just ended- One single 2011 Silver Eagle- $51.65.   This is a whopping $11.85 over current spot, or 29.8% premium to COMEX spot pricing.

It appears Blythe's "deals" to settle in cash are rather close to the current free market value of silver.

Item Ended

2011 American Eagle 1 Troy Oz. Silver Coin .999 

Item condition:--
Ended:Apr 07, 201119:15:18 PDT
Winning bid:
US $48.00 [ 11 bids ]
$3.65 USPS First Class Mail
Total: $51.65