Buying Silver On Ebay.

I think it would be the other way around,-
the spot silver market directly influences the ebay pricing.

No. ebay prices will reflect the market or spot price plus the markup to full retail (in most cases). The vast majority of the spot price is established by the commodities markets trading SLV (paper silver so to speak).

Thanks for the replies, it's appreciated.

The size of the silver market is in the hundreds of billions of dollars or even trillions! The silver to be found in London's vaults alone is worth $48 billion. The silver market is much bigger and more liquid so even large sales as we are seeing quite a bit of buying go on due to the lowered silver spot pricing still doesn't quickly make too much impact on the larger overall amount, so some might think its like trying to drain the ocean with a bucket or firehose.

However its been mentioned recently that physical inventory has been declining quite alot with the lowered silver spot price. Ronan Manly, of BullionStar, reports physical silver stockpiles in LBMA and COMEX vaults are at a 6-year low. If available physical inventory could approach zero, that is the moment when holding silver IOUs would not be the same as holding the metal itself. The inventory situation for the exchanges gets even more dire when accounting for how much of the reported stock is not immediately available for delivery because the metal is held by ETFs and private investors. If outflows in the next 18 months match those of the past 18 months, the available physical inventory could approach zero from all the buying going on. In such a scenario, a default on the futures trading exchanges may only be avoided if prices for silver rise enough to entice the holders of physical bars to part with them. In that case the spot price then is affected by so much buying of physical silver, including large marketplaces like ebay add to that. ebay does not deal as much with large bullion bars however.

industrial demand, jewelry manufacterimg, coin and bullion producers and activities of the mines (increasing or decreasing production) drives spot, not little individual investors, stackers and what happens on ebay. We are the tail, not the dog here. Now beanie babies. that's where individuals on ebay impact the market value. It is all about what the next collecter/sucker will pay as there is no industrial demand.