Silver Sell Out at APMEX?
With gold/silver at these depressed levels, it seems like people are taking advantage of the drop to accumulate physical PM.
I would have posted a screenshot here, but if you go to APMex.com and click best sellers, you will see that most physical silver is not available.
The gold:silver ratio is now around 62, which signals that silver is undervalued compared to gold IMO. The ratio went as low as 32:1 in 2011 and the historical ratio is 16:1.
I personally will be buying a little each month and will keep accumulating shares of SLW and SAND. I am strongly considering initiating a position in Wildcat Silver, a more speculative silver play, one I feel has at least 300 percent upside if silver makes a move higher. They are cashed up and will survive this downturn.
Best of luck everyone.