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The Good Morning Report – 23rd Oct 2025

Posted on October 23, 2025

5 Things that Grabbed my Attention

1. The average SILVER BUY/SELL spread for 1 oz coins is about 15%….So those queueing up to buy when it hit the recent top would now be down by the spread plus the 10% fall, so 25% loss on their money if they sold it back to the coin dealer….OUCH!!

2. Physical allocated bullion ETF investors would only be down by 10%, as the buy sell spread is tiny on the market…..This is why bullion dealers absolutely hate ETFs and promote all sorts of BS online through anonymous accounts.

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