You are absolutely right about the terrible spread in the physical silver market. You can buy it from the dealer for $26 but they then will only buy it back from you at $19?. Why would anyone do this? In know "silver in your hand" and everything but i would much rather buy SLV 2022 call options at all strike prices between $15-$20. You get just so much more leverage for pennys on the dollar. And the best of all your bank will lend you money for 0% interest to implement this strategy to profit from one of the greatest hard money bull markets in history! What a time to be alive!