Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Hello, 10% Silver Premium

|Includes:PSLV, iShares Silver Trust ETF (SLV)

The Shanghai silver premium has almost reached 10% over the weekend.

(click to enlarge)Click to enlarge

Managed money shorts are again at highs in silver.

I think it's safe to say now that silver (NYSEARCA:PSLV) (NYSEARCA:SLV) is the best buy at this moment.

Disclosure: The author is long PSLV.

Stocks: SLV, PSLV