The premium on PSLV looks like a short squeeze or some other anomaly.
It does not appear to be otherwise rational given the relatively modest premiums on silver in quantity available at publicly quoted sites like Tulving.com which are offering silver in quantity at between 1.99 to 2.69 over spot for Maples and Eagles.
I think the higher premium on American Eagles is due to the restrictions on IRA ownership. Otherwise it makes little sense other than 'marketing.'
Perhaps something else is going on behind the scenes.
But given the low estimated cash levels in PSLV and the likelihood of another unit offering from their shelf that premium looks a little out of historical bounds.
