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Moderator
 United States
187446 Posts |
The trip will have to be virtual because of the snow storm coming my way.  |
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Pillar of the Community
United States
5821 Posts |
Do you really think any dealers who were just paying over $110/ounce for silver are going to now sell it to you at anything close to spot? I would expect them to tack on massive premiums, perhaps even as high as $10 per ounce over spot or more.
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Pillar of the Community
United States
1049 Posts |
Welp, I just heard from a silver bullion dealer / stacker friend. He said that he can't buy or sell anything this weekend because the wholesalers are refusing to reprice anything until the market opens on Monday. And that the premiums are even higher now.
It was once said that there would come a time when the manipulated fake paper silver price and the real physical silver price would disconnect. I wonder how close we are to that happening?
Edited by Harry213
01/31/2026 3:22 pm
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Pillar of the Community
 United States
5177 Posts |
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He said that he can't buy or sell anything this weekend because the wholesalers are refusing to reprice anything until the market opens on Monday. ebay is open for business. |
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Pillar of the Community
United States
1049 Posts |
Quote:
ebay is open for business God bless ebay, one of the few places I know where you could always find stuff selling at or below spot if you look hard enough. As long as you know what you're buying and don't get conned. |
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Pillar of the Community
United States
5177 Posts |
I was looking at ebay today, but couldn't find anything significantly below spot. |
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Pillar of the Community
United States
1049 Posts |
I've only heard one dealer comment, so far, about what he saw in his shop on Friday. He says they were buying all the way down, from $115 to $96 to mid $80's.
And when silver bottomed out at $74 and bounced, people started scrambling to get more money to buy even more.
And in other news the CME is instituting more margin hikes this week, in yet another attempt to put out the fire. As if Friday wasn't enough.
So what we're seeing is a historic demand to buy physical metals being met by an equally historic level of smackdowns and manipulation via the paper markets.
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Pillar of the Community
United States
1049 Posts |
Quote:I was looking at ebay today, but couldn't find anything significantly below spot. Significantly lower? What exactly would you call that? $10-$20 below spot? Considering price literally just dropped yesterday. I would say that if you found silver 'at or even slightly below spot' that's amazing. There are over 2 million listings for various coins and bullions, and thats not including the jewelry listings.. I strongly doubt you "looked" at everything.  |
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Pillar of the Community
United States
1374 Posts |
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He says they were buying all the way down, from $115 to $96 to mid $80's. Were they buying alloyed silver or just .999/9999? Seems difficult to find anyone buying alloyed right now  |
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Pillar of the Community
United States
1049 Posts |
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Were they buying alloyed silver or just .999/9999? Seems difficult to find anyone buying alloyed right now Yeah me too, I doubt it was junk. though he didn't break it down by category but gathering from the context of the interview I'm assuming he meant .999's, bullion, eagles and stuff. He did mention a box of silver eagles. |
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Pillar of the Community
United States
1049 Posts |
Forgot to mention that the dealer did say he had a big seller early on Friday when spot was near the highs of the day. He was already there before the crash though so it wasn't like he magically appeared to sell exactly before the market dropped, just a coincidence. Says the same customer told him later that he still had the money waiting to get back in lower. I don't think too many people knew or expected it would dump that much, at exactly that time, otherwise we all would have done the same thing.
Edited by Harry213
02/01/2026 2:35 pm
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Pillar of the Community
United States
1747 Posts |
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And in other news the CME is instituting more margin hikes this week, in yet another attempt to put out the fire. As if Friday wasn't enough. The margin hikes will probably lead to more selling. The CME is not trying to set the price. They are trying to ensure the market works, one which is highly leveraged at this point. They will struggle and may not be able to meet March deliveries, or so the rumor goes. |
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Pillar of the Community
United States
1049 Posts |
Set the price, Regulate the price, Adjust the price, Control the price, Tamp the price, Manage, Administer, Guide, Manipulate....
Semantics, as far as I'm concerned, people will interpret it however they see it.
Edited by Harry213
02/01/2026 7:24 pm
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Moderator
United States
187446 Posts |
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Do you really think any dealers who were just paying over $110/ounce for silver are going to now sell it to you at anything close to spot? I was not looking at dealers. I was looking for panic sellers.  |
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Bedrock of the Community
United States
36415 Posts |
A margin change today and 1.84 billion ounces of non-existent silver traded last Friday was required to drive the price down. When will fraudsters be held accountable?
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Replies: 5,643 / Views: 459,227 |
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Posted 01/30/2026 5:20 pm
