The spot price today in the US is about $17. Kitco's buy price for .999 silver is about 48c per gram for small quantities (less than 1000 T.O) or about $15.10 per troy ounce. That means you are paying about $2 an ounce handling and refining charges.

They don't buy silver from individuals, only "private clients", but the comparisons are valid.

There's an easy way for individuals to invest in silver or hedge their silver holdings in whatever form. The IShares Silver Trust (SLV) trades in the US on regular stock exchanges. Anybody can buy (or sell short) these shares in any amount they like. Using a discount broker you pay little in commission on these trades. The price at closing today was exactly $17 a share, so it tracks the bullion price quite closely.

You can't deliver your "silver strike" premium tokens against these contracts, but you can pick a silver price and protect yourself against it falling while you hold your tokens or while shipping your tokens to a buyer.