A growing premium for 90% silver, commonly referred to as "junk" silver, reflects the growing demand for physical and weakening confidence in the fiat system. A new class of buyers is entering the physical market for both gold and silver. Paper control of the price markers (futures market) will be more difficult as increases in marginal demand boost the spot market.
Bags of 90 percent silver U.S. coins with face value of $1,000 have taken on new popularity, said Greencastle, Ind., dealer Julian Jarvis at the American Numismatic Association convention in Boston in Aug. 11.
This has pushed the price up beyond melt value, an unusual event, Jarvis explained.
Source:
numismaster.com
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