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Bedrock of the Community
United States
36826 Posts |
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Especially crazy since there does not seem to be a shortage. The shortage is not on the retail level, coin shops and on-line bullion dealers, yet. The shortage is for 1000 oz deliverable bars on COMEX, LBMA and Shanghai. Industry and major investors are buying these up. This will eventually hit the local retail market when all the other sources have run dry. |
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Pillar of the Community
 United States
5858 Posts |
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A few cents below it right now. High was $64.14. Ah well, it was nice while it lasted... |
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Bedrock of the Community
United States
36826 Posts |
A big smack down was expected last night in Asia. Shanghai Exchange did the same thing COMEX did last Friday, they increased the margin amount required for contracts. Looks like it didn't work.
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Bedrock of the Community
United States
11898 Posts |
Platinum is up 3.4% and palladium is up 6.1% this morning. Both are seen as undervalued and both are outpacing the gains in silver. It's all money leaving tech stocks and looking for undervalued hard assets.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
12/15/2025 10:22 am
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Moderator
 United States
189053 Posts |
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Platinum is up 3.4% and palladium is up 6.1% this morning. Both are seen as undervalued and both are outpacing the gains in silver. Interesting.  Quote:
It's all money leaving tech stocks and looking for undervalued hard assets. Seems right.  |
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Pillar of the Community
United States
2477 Posts |
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APMEX selling American Eagles for $74.16 this morning. I did not expect to see Eagles selling for $75 in 2025 but we are almost there. funny you mention this... last night I was watching the charts (1am-3am) and I was also on APMEX just looking over their inventory of ASEs and I was stunned to see the prices. I looked at bullion, proofs & burnished. it made my eyes water. WOW, am I ever glad that I assembled the bulk of my ASE collection when spot silver was $16-$24. ah, the good ol' days, when a benjamin could get you 4 or 5 ASEs. now you'd be lucky to get just 1 and maybe have a little change left over... and that's for just a bullion coin. I saw numerous proofs & burnished around $90-$110. as Darren Pang would say: Holy Jumpin'! hard to find an ASE there under $74, unless you want a damaged/cull coin. I was working on a post in the wee hours before bed, but opted not to post and just go to sleep. they still have decent inventory, but the prices are running away from what i'd want to pay. i saw the metals get hot right out of the gate & after midnight, but they've cooled slightly through the morning. we should be seeing $70 spot very soon. |
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Bedrock of the Community
United States
11898 Posts |
Given these outrageous premiums when buying and discounts when selling, trading in the paper market seems so much more reasonable today. Blasphemy, I know...  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Moderator
United States
189053 Posts |
Back over $64. |
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Bedrock of the Community
United States
10580 Posts |
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Back over $64.  Hopefully it stands overnight and keeps going tomorrow! |
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Bedrock of the Community
United States
11898 Posts |
Silver is flat this morning but platinum is up 3% and palladium is up 1.3%. Rotation continues to so-called undervalued hard assets.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Moderator
United States
189053 Posts |
Yes, silver still clinging to the bottom of $64. |
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Pillar of the Community
United States
5858 Posts |
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Moderator
United States
189053 Posts |
This might be where the pullback lands after $100 next week.  |
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Pillar of the Community
Portugal
669 Posts |
Crazy is what I have been seeing in the last weeks. People buying and selling packaged copper 1kg bars. It is no longer only silver.
I think numismatic student is correct on both things. All metals are being treated as if they are an hedge on currency devaluation. And people are ignoring high transaction costs on those metals.
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Valued Member
United States
396 Posts |
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Replies: 2,727 / Views: 87,398 |
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Posted 12/15/2025 09:45 am
