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<p>[QUOTE=&quot;desertgem, post: 1514369, member: 15199&quot;]from Friday&#039;s&nbsp; : <a href="http://sprottphysicalbullion.com/sprott-physical-silver-trust/net-asset-value/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://sprottphysicalbullion.com/sprott-physical-silver-trust/net-asset-value/" rel="nofollow">http://sprottphysicalbullion.com/sprott-physical-silver-trust/net-asset-value/</a></p><p><br /></p><p><br /></p><p>But is the premium worth it?</p><p><br /></p><p>if you look at the numbers above, take the market value in silver and divide by the number of units outstanding and compare that to the NAV given. Or divide the NAV value of the trust&nbsp; by the number of units and I see a difference of about 7% rounded off. The NAV is determined by the average of bid/ask price, so that must mean the difference between the bid and ask is about 14% of the NAV. So for this day ( last friday) if one wanted to sell to get their silver, they would be losing 7% from the average NAV and maybe 14% ( bid offer) from what they thought they had in physical&nbsp; ( if silver has been relatively level). Likewise if one wanted to buy shares, they would pay about the same 14%. Seems like a high premium either way.</p><p><br /></p><p>I have no problem with people wanting to accumulate physical, but they need to look at the numbers. IMO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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