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Replies: 2,617 / Views: 84,312 |
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Pillar of the Community
 United States
8742 Posts |
Quote:Did you know that gambling is a sin?  I sin a bit.... 
-makecents-
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Moderator
 United States
188052 Posts |
Quote:I sin a bit....  My transgressions are all I have left.  Meanwhile... Silver is still comfortably above $50. 
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Pillar of the Community
 United States
5849 Posts |
Quote: Silver is still comfortably above $50 And rising once again (for now, at least). Almost back up to $53, in fact.
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Moderator
 United States
188052 Posts |
I think it likes flirting with $53. 
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Pillar of the Community
 United States
5178 Posts |
Edited by NumisEd 10/20/2025 3:20 pm
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Moderator
 United States
188052 Posts |
Quote: India refiners completely out of silver. Customers becoming angry. Interesting. 
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Pillar of the Community
 United States
5849 Posts |
Ouch! Silver back below $50 in overnight trading. Has the bubble finally burst, or just a minor adjustment? Only time will tell... 
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Moderator
 United States
188052 Posts |
Maybe so. 
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Pillar of the Community
 United States
5849 Posts |
Of course, even if this is a minor correction and you are convinced that now is the time to buy before prices start to go back up, good luck finding anybody willing to sell you silver at its current value of $49. Places like APMEX are still selling everything at $54-55/oz.
Edited by barryg 10/21/2025 11:35 am
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Moderator
 United States
188052 Posts |
Dealer prices: quick to raise, slower to lower. 
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Pillar of the Community
 United States
5849 Posts |
Yep, it's exactly what I found back when silver prices eventually started dropping after the 2011-2012 run up. Suddenly, it was considered "normal" to have a premium of $6-8 per ounce, and it took a looooong time for that to go away.
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Moderator
 United States
188052 Posts |
Still has not for the US Mint products. 
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Pillar of the Community
Canada
5239 Posts |
Dealers are quite nervous about PM volatility, which is completely understandable. They don't have huge margins and if someone sells a big pile it needs to go out the door ASAP.
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Pillar of the Community
United States
2049 Posts |
Quote: Dealers are quite nervous about PM volatility, which is completely understandable. They don't have huge margins and if someone sells a big pile it needs to go out the door ASAP. Absolutely....if it's not being bought at the retail level, most will probably unload to wholesalers or refiners as quickly as possible.
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Moderator
 United States
188052 Posts |
Not looking like it will bounce back up today. 
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Replies: 2,617 / Views: 84,312 |