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Silver Smashdown Creates Record Silver Premiums In Shanghai

|Includes:iShares Silver Trust ETF (SLV)

Yesterday's attack in the precious metals sparked a record premium at the SGE. We got a new record of 6.73%.

Not so much in gold... But even so, I'm sure that the $1200/ounce gold will be a level where central banks are very happy to take it from precious metal sellers.

Stocks: SLV