The premium in PSLV for silver remains historically low.
I thought the bear raid this morning was all about breaking the upward momentum in silver in order to keep gold under wraps at 1650.
More on that later in the gold and silver commentary.
"You made this monster, and as long as things were going well you gave him whatever he wanted. You turned Germany over to this arch-criminal, you swore allegiance to him by every incredible oath he chose to put before you. For years, these men were the cover for every treasonable act, every orgy of rape and murder. They defended him every time he committed one of his criminal acts, because a different regime would have meant the end of their power.”
Friedrich Reck-Malleczewen, 1947