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<p>[QUOTE=&quot;Coinman_Ben, post: 1090336, member: 9923&quot;]The current spot price of silver based on the APMEX ask price for spot, which is the price at which they sell silver plus a premium based on the form of silver you get from APMEX, but the important part is that&#039;s the spot price they take into account when calculating premiums over spot.&nbsp; This spot price is currently $28.03.&nbsp; The current premium over spot per ounce for $1000 face value bags is 40 cents over spot.&nbsp; I don&#039;t have as solid a prediction for the actual spot price of silver by year end 2011 as my prediction for the average price dealers will be selling 90% junk silver.&nbsp; This prediction will be that most dealers will be selling pre-1964 junk silver between $50 and $55 per ounce.</p><p>&nbsp;</p><p>My prediction for the spot price based on the silver market on the major exchanges is that the spot price in that market will most likely be somewhere between $45 and $50 per ounce, probably closer to $50 than to $45 per ounce.&nbsp; The prediction I am more confident in making, though, is my prediction for actual dealer rates for junk silver, as I do not know what those who run the commodities exchanges have up their sleeves,&nbsp; but I do know that the current supply/demand fundamentals are grossly in favor of the prices of physical precious metals that you can actually hold in your hands, going way up in value to account for all that monopoly money in circulation.[/QUOTE]</p><p><br /></p>

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