| Indicator |
Current (Oct 2025) |
Historical Norm |
Alert Threshold |
| Swiss refinery backlog |
6-8 weeks |
2-3 weeks |
>10 weeks |
| 1 oz coin premium |
$85-100 |
$30-40 |
>$120 |
| Asian physical premium |
2.5-3.5% |
0.5-1% |
>4% |
| ETF discount to NAV |
0.1-0.3% |
0-0.2% |
>1% |
| Dealer delivery quotes |
4-6 weeks |
1-2 weeks |
>8 weeks |