jim willie says a private sale of silver took place at $24.50/oz.
Gold fights the big political battles, but silver takes the greater spoils. Behold gold on the verge of a powerful breakout. Gold is not an inflation hedge, but rather a monetary system failure hedge. Gold is not a dead asset, but rather the ultimate form of money. Gold is not an investment without yield, but rather the a store of value serving as ballast for the global banking system. Each round of stimulus, bond redemption, bank aid, and annual government deficit lifts the gold price potential another $1000, and the silver price another $20. Silver is favored on the supply side of the price dynamics, and silver is favored on the demand side of the price dynamics. Massive supply shortages are being reported and realized. Just this week a private off market silver sale took place in the multi-million$ at a $24.50 price, according to an information source. The disparity between the physical market and paper market will remain wide, even as both price structures move higher.
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