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Scrap Silver Premiums At Record High

|Includes: iShares Silver Trust ETF (SLV)

As BrotherJohnF reports here, scrap silver (dimes), have reached a 3 dollar premium over spot. He says this is a very high premium.

I don't know the history, but this sounds very interesting to monitor.

That's why I'm starting to monitor the scrap silver premiums too. Today, they are at 11%.

Chart 1: APMEX junk silver premium