I have been monitoring the Engelhard bullion price to spot silver, but I don't see any significant movement here.
So I'm going to stop monitoring this.
|Chart 1: Silver Premium Engelhard bullion to spot silver|
On the other hand, I'll now monitor a real dealer of silver, namely: First Majestic Silver Corp.
Their selling price is displayed every day here. Today it stands at: $33.25/ounce. The spot price of silver is $31.22/ounce. That's a 6.5% premium.
I think this tells me more about the silver premium than the Engelhard bullion price.
Disclosure: I am long AGQ.