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Why Are Premiums For Physical Silver 25% Above 'Paper' Spot Prices?

Silver Eagles are in the 25+% range, and bags of 90% silver coins are a little over 24%.

 

Do you think Greenspan’s quote explains it?

“Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.”

Alan Greenspan, Testimony Before the Committee on Banking and Financial Services, U.S. House of Representatives July 24, 1998

Charts: Jesse's Cafe Americain and GoldChartsrUs.com.

 

Source: The Burning Platform