Sp, ... monster boxes of silver eagles on Apmex and Providence selling for $19K+ and buying for $12K+ Good observation. I hadn't noticed. Supply & demand seems to be the current driver of divergence. I'm eager to see another cause - the growth of gold&silver value reflected as true money within a gold&silver based system. One such system is being developed by the BRICS. Once this happens more broadly a manipulated (false) paper value quote will be well on its way to irrelevancy.