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Monitoring The Silver Premium

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.