Why does silver sell above spot price?

comex silver bars in warehouse

An explanation of silver premiums Spot price is the paper trading price for a COMEX futures contract of 5,000 troy ounces of silver. One way to think about it is like barrels of oil. A barrel of crude oil contains 42 US gallons and is trading at around $65 per barrel, or roughly $1.57 per … Read moreWhy does silver sell above spot price?