Refiners Pausing Alloyed Silver Acceptance

Just because the refiners are pausing does not mean the stackers or dealers with space are saying no.

Hard to say about LCS and stackers. My local LCS wholesales to that refiner so they are on the fence. They've stopped by sterling but aren't sure about 90% yet.

So one refiner doesn't want 90% institutional and were making it a big deal ? I have an alternate suggestion, sell to another refiner. Silver still closed at well over $50 which means the metal is still valuable .

It amazes me how its still holding so much value despite this massive sell off ; And not just that but all the buying still as well. My prediction is that the days of cheap silver are over for good

Too many uninformed people selling their silver for what they think is a high value. In the mean time, bankers, and now countries are buying all they can get. By the time the public wakes up, it will be too late for them.

In my opinion when adjusted for inflation and the current devaluation of fiat currency, silver @ $50 ozt. is exactly where it should be. If anything it is the value of gold which is over inflated. Consider this, when the Hunt Bros. manipulated the market in 1980 the silver to gold ratio was 17:1. In other words it took 17 ounces of silver to equal one ounce of gold. Today with gold in the $4000 range, that ratio is 80:1
Add to that the fact that $50 in fiat currency back in 1980 had more purchasing power than $50 today. I'm in no rush to dump my silver.

Exactly this. One of the local coin shops in my area told me that as soon as they get 90% in, it goes out the door within a couple of hours. They actually have a list of customers that have asked them to call them as soon as they get more in.

Grab as much silver as you can now. There is a day coming when you won't be able to buy it.

I dont know. I'm trying to logic this one out since there has really been no equal in history.

The Demand is there. Despite almost record prices.

The production is down, once again, for the 5'th row in a year. Of pure metal most of all, and most silver being mined, for the first time, is grabbed while mining for other stuff.

Industry is screaming for the stuff and with silvers importance in the next generation of technology, well, again, the demand and uses are there.

London is loaded with empty vault space.

Theres not enough physical to cover the paper silver.

They are flying silver around on cargo 747's like they do gold to fill demand and avoid potential tariffs.

None of this makes sense. Silver is at $52.49. You'd think refiners would be grabbing with both hands. Maybe knocking a buck or two off the spot but still grabbing.

All I can think of is so many have sold the refiners simply have no space or cash for pay outs but even that doesn't make sense. Ive worked at metal recyclers and they turn metal around quickly. I'll say this tho, the ones Ive worked at do very little business in silver despite wanting it.

The money is in aluminum, copper, brass. Aluminum because theres so much of it and you can recycle it endlessly. The other two because the housing market/construction provides a large and steady volume for both buying and selling. There must be few big players in the PM recycle business because the supply isn't usually steady and is so dependent on market prices and not user demand.

Thats all I can think of. And I dont pretend to be an expert.