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 Replies: 55 / Views: 4,990 |
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Pillar of the Community
 United States
5177 Posts |
First of all, there are two markets: the paper market and the physical silver market. The price you see on the web is the paper market.
Secondly, if refiners say they are stuffed with silver then they are stuffed with silver. No reason for them to lie.
Thirdly, if the (paper) price of silver is going up it can be for several reasons: someone with deep pockets is trading near-term contracts or futures, going long. Another option is someone big was shorting the market, the (paper) price went above what they expected, and now they are scrambling to cover (short squeeze of epic proportions).
Finally, there could be a physical silver shortage in one part of the world, while there is a glut in another part. So, the people who experience the shortage would want to buy a contract to have physical silver delivered to them in one month, two months, etc. Then, the silver needs to be shipped from those have an excess of silver to those experiencing the shortage. And if there is a price difference between the price of silver in say Asia and the USA, then that can be arbitraged out with paper contracts.
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Bedrock of the Community
United States
36684 Posts |
359 paper ounces of phantom silver for every 1 ounce of physical silver the per debt clock stats. LBMA is out of silver and scrambling to get 1000 ounce bars to cover deliveries. Refiners only taking .999 bars for QUICK turning into 1000 ounce deliverable bars for LBMA. They are so desperate, they are flying the bars across the Atlantic instead of cheaper transportation by ship. This has never happened before. It looks like the paper market is unraveling. And, the general public has not jumped in yet.
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Moderator
 United States
187950 Posts |
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They are so desperate, they are flying the bars across the Atlantic instead of cheaper transportation by ship. This has never happened before. I read that last night. Got me a little worried. Quote:
It looks like the paper market is unraveling. And, the general public has not jumped in yet.  |
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Pillar of the Community
United States
5177 Posts |
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They are so desperate, they are flying the bars across the Atlantic instead of cheaper transportation by ship. This has never happened before. Flying is faster than shipping. Clearly, someone wants their silver NOW and not LATER. |
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Pillar of the Community
United States
1763 Posts |
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359 paper ounces of phantom silver for every 1 ounce of physical silver the per debt clock stats. LBMA is out of silver and scrambling to get 1000 ounce bars to cover deliveries. Refiners only taking .999 bars for QUICK turning into 1000 ounce deliverable bars for LBMA. They are so desperate, they are flying the bars across the Atlantic instead of cheaper transportation by ship. This has never happened before. It looks like the paper market is unraveling. And, the general public has not jumped in yet. This seems to be the case. I don't see the conditions being the same as when the Hunt Bros tried to corner the market. Refiners don't want to have to deal with less than .999, they can make a quick buck. Refining lesser takes more effort. As I type, the Stacks Bowers bullion sale is going on and gold and silver are selling for significantly higher percentages than they did the past several weeks. $5 Gold commens that could be bought for 99% of spot went for 104%. |
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Bedrock of the Community
United States
36684 Posts |
Now is the time to load up on alloyed silver (90%). The trend will reverse, and big profits will be made.
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Moderator
United States
187950 Posts |
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Now is the time to load up on alloyed silver (90%). The trend will reverse, and big profits will be made.  A suggestion...  https://goccf.com/t/484488 |
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Pillar of the Community
United States
5177 Posts |
Actually, it seems to me that it is better to stack 99.9+% pure silver. Then at least the refiner-middleman does not have to get involved.
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Bedrock of the Community
United States
36684 Posts |
NumisEd, right now that is probably correct. But the refiners want bars at 10 oz or larger according to the dealer I have been working with. The premium to buy .999+ is high right now. ASE's are $8 over spot. The need for sterling and 90% is just around the corner when they can no longer get the "easy bars" to make the 1000 oz LMBA deliverables that they are making. Why not buy the lowest premium silver at this time unless you just plan on flipping it soon? Silver's true value is coming. It has been artificially held down for over 100 years. |
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Moderator
United States
187950 Posts |
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Why not buy the lowest premium silver at this time unless you just plan on flipping it soon? Silver's true value is coming. Go long.  |
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Valued Member
 United States
107 Posts |
A quick update:
A handful of refiners are now accepting 90% junk silver coins.
The price unfortunately is at Spot - $5.50 which stings!
/edit change % to $.
Edited by drdn
11/10/2025 12:19 pm
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Moderator
United States
187950 Posts |
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A handful of refiners are now accepting 90% junk silver coins.  Quote:
The price unfortunately is at Spot - $5.50 which stings!  Keep holding. |
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Moderator
United States
187950 Posts |
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/edit change % to $. How did I miss that earlier?  |
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Bedrock of the Community
United States
25056 Posts |
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The price unfortunately is at Spot - $5.50 which stings! My LCS was paying more than this back when spot was $54. Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
6483 Posts |
Being new to silver, is it usual for dealers to pay over spot for coin silver?
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Replies: 55 / Views: 4,990 |
First Page
Posted 10/14/2025 8:33 pm
