The disconnect between SPOT price and Real, "gimme my bullion" price continues.
Last night $500 face value 90% junk silver bag now carried a premium of $1.45/oz at APMEX. - when Silver was at 26.70 or so
This morning Silver is at 27.46 and the premium is $1.50/oz
Oh yeah, its on sale! The fact that the premium is going up even with price going up means that Apmex isn't just trying to profit a bit from the dip-- they know the demand is outstripping the spot price by quite a bit.. and selling it priced accordingly. in 2008 a movement in silver of $0.10 in a day is a lot and premiums were $0.05 to $0.20 - through most of 2011 they were $0.40, and this least year they rose to $0.85..
The physical market must certainly be heating up.. and these are "junk coins" with no collectors value. They are only 90% silver. This is the bottom of the barrel of the "investors" silver market. So either we have a bunch of preppers chasing junk silver as a fad- enough to move the premium over $1 on a $30 purchase, or we are reaching the point of no returns on the physical silver market.