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Silver Spot Price...

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Libertad's Avatar
Canada
3692 Posts
 Posted 09/21/2010  6:26 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Hopefully you don't sell to all of those annoying cash for gold places that are popping up everywhere.
Valued Member
United States
254 Posts
 Posted 09/26/2010  12:27 am  Show Profile   Bookmark this reply Add rkp to your friends list Get a Link to this Reply
With spot silver at $21.46, the melt value of 90% silver is about 15.5 X face value. Has anyone tried to sell? I'm curious what people are receiving. Have the premiums gone down?
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afcop13's Avatar
United States
1409 Posts
 Posted 09/26/2010  11:35 am  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
I haven't sold, just been stacking, looking for deals where I can find them. Added about 7 oz via roll searching last week between halves and dimes, plus the 2 silver quarters a teller held for me. The M&M to silver ratio has been pretty good, lol. Now that halloween candy is out I can change up the treats for tellers.
Pillar of the Community
United States
511 Posts
 Posted 09/26/2010  5:33 pm  Show Profile   Bookmark this reply Add 3stooges to your friends list Get a Link to this Reply
I wouldn't be surprised to see a modest dip in the near future, but the overall trend (according to veteran metals analyst Ralph Kramden) is "to the moon, Alice!"
Valued Member
craig piette's Avatar
United States
71 Posts
 Posted 09/28/2010  8:53 pm  Show Profile   Bookmark this reply Add craig piette to your friends list Get a Link to this Reply
Iteresting to see the debates ... today 21.74 and moving up ... some say 50, some say 10 soon
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carmykle's Avatar
United States
2448 Posts
 Posted 09/29/2010  1:10 pm  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
Here we go again. Experts, today on CNBC, are saying gold is projected to be $1450 by next September. That means silver might be (assuming the same Gold/Silver value as today) $25.50. Just when I go to sell, the prognosticators peak my interest.

(Based on current 0.01691 of gold's spot price.) Although silver is actually only 22 times as plentiful as gold (if you listen to some analysts). I guess it's what the market will bear. That must be why they make Sterling Rolls Royce's.

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