How will this affect the price of Spot Silver?
200 Tons of Silver Found in North Atlantic Shipwreck
Think of this as a high-tech treasure hunt. The United States firm Odyssey Marine Exploration — not just a clever name, mind you — has confirmed it has found 200 tons of silver worth $200 million at the bottom of a North Atlantic shipwreck. The exploration firm located the 412-foot wreck 300 miles off the Irish coast in the North Atlantic this summer, but just recently confirmed it as the SS Gairsoppa, a UK cargo ship sunk by German U-boat 101 in 1941. At the time of the sinking, the British India Steam Navigation Company cargo ship was part of the merchant navy fleet and was headed home to Britain from India, ... (full story)