SPOT : The spot price reflects Gold, Platinum, or Silver’s paper market value, but the real cost of bullion is higher due to dealer premiums, minting, shipping, and market demand.
SPOT PRICE :
Gold
AUD $
Platinum
AUD $
Silver
AUD $
PHYSICAL : The actual price of physical Gold, Platinum, or Silver is always higher than the paper spot price. This is because the spot price represents the paper or electronic market value, not the physical metal in your hand.
PHYSICAL PRICE :
Silver is getting ready to breakout towards its previous high around $35 and then $37.5
The upward price action could start next week…
Silver is getting ready to breakout
Silver Deficits
$50 in 1964 ~$1300 today
“Silver miners are approaching its 14-year resistance again. If silver prices are any indication, a breakout appears imminent in my view”. Otavio Costa