Ebay sellers making a killing on the paper, physical disconnect 20-40%
Well looking at silver selling on ebay. You can buy large amounts for between $1.50-$2.50 over spot and sell it for $7-$10 over spot with or without shipping fees. I would hope for lower prices in the paper markets to take advantage of this huge markup.
First of all where are you finding supply in the 1.50 to 2.50 over Spot ? Certainly not now. Premiums that I have seen are far higher. On top of that, there is no current supply at those lower prices....there are big delays out there...easily a month out. Curious where you are finding Silver that cheap.