Premiums remain rather thin on the Sprott funds in particular.
First Majestic paid a 69% premium over the 30 day average price in a friendly acquisition of Orko Silver it was announced this morning.
"Those among the rich who are not, in the rigorous sense, damned can understand poverty, because they are poor themselves; but they cannot understand destitution. Capable of giving alms but incapable of stripping themselves bare they will be moved to the sound of beautiful music, at Jesus’s sufferings, but His Cross, the reality of His Cross,will horrify them. They want it out of gold, bathed in light, costly, of little weight; pleasant to see hanging from a woman’s beautiful throat." Léon Bloy