http://www.kitcosilver.com/Probably an illiquidity issue.
Could you provide me with a link?
Second guessing: This could very well be an algo who is sucking these 10c off each trade...
True - but I don't think this is it either. I called Kitco and asked where they get the bid ask from. They said Reuters. This is inconsistent with what I was looking at on Bloomberg. My Bloomberg terminal does not post bid and offer prices, just the last trade.