As most of you know I follow the funds that actually hold the physical metals closely and own some of all of them. What I find interesting is how the premiums on the two funds that hold silver have skyrocketed. When I first bought SBU (SVZRF in US) it was trading at a discount and that was not that long ago. The other interesting thing is that the premiums on the gold closed end funds are the lowest I have seen in a long time - possibly 'cuz the gold prices themselves have run up so fast the fund prices have not caught up. So for those of you who may be interested in investing in these types of vehicles, here's the run down.

CEF (50% silver/50% gold) at $16.62 has a 9.4% premium

SBU (all silver) at $13,90 has a 10.4% premium

GTU (gold) at $50.13 has a 3.4% premium

PHYS (gold) at $11.39 has a 2.75% premium (normal premium for this Sprott fund is around 11% and has even traded higher not too long ago

While I am certainly no expert, I have found I can make money at times not only on the price of the underlying metal but watching and buying when the premium itself is lower than normal.