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.
"The days are coming when men will go mad, and when they meet a man who has kept his senses, will rise up against him, saying, 'You are mad, because you are not like us.' And I said, 'What can get us through such snares?' And then I heard a voice saying to me — humility.” Saint Anthony the Great, Abbot of Colzim Egypt, 251-356 AD