Silver - Page 161 - Business, Finances and Investing Forum

I would like to add is that silver price is higher than it seems. Go try and get physical and tell me what price you pay.
Premiums been elevated for 2.5 years, the 10 years prior to that they were only elevated for a day or two.

100% true. You cannot get physical at spot in the market today. EVERYONE is charging a premium, and that is IF they have any in stock, other than 'collectable'...

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05-15-2022 , 02:10 PM

#4002

pokerarb

Carpal \'Tunnel

Join Date: Jun 2009 Posts: 6,185

Been adding slowly to my pslv position in the last few days. Can't say I'm not a little nervous with silver breaking below 21. Gold is holding up nicely.

Recall, silver looking truly awful breaking below 14 in march 2020 and that was the dead bottom. Hoping it's similar here

Getting physical silver has been an awful proposition since premiums blew out. Gold is far more reasonable to add to a physical stack

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05-15-2022 , 02:43 PM

#4003

LOLOL

banned

Join Date: Mar 2017 Posts: 599

Quote:

Originally Posted by ThrowingRocks

For ham and egg amounts, yes.
The demand for physical silver prior to COVID was so low, you could buy relatively small amounts for near the same amount as a 1K/oz COMEX bar.
Demand went up, retailers could start charging premiums again.

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05-15-2022 , 02:43 PM

#4004

LOLOL

banned

Join Date: Mar 2017 Posts: 599

Quote:

Originally Posted by jefkve

100% true. You cannot get physical at spot in the market today. EVERYONE is charging a premium, and that is IF they have any in stock, other than 'collectable'...

Sure you can, just not for tiny amounts.
That you could get tiny amounts of processed retail silver for near 1000 Ounce spot COMEX price was an indicator of just how low demand for silver was after the last price crash.

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06-23-2022 , 08:19 PM

#4005

AllInNTheDark

veteran

Join Date: Jun 2011 Posts: 3,256

loaded up on leaps on metal miners... manipulate metals even lower, i dare you, will just buy more

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06-24-2022 , 12:59 AM

#4006

Darth Sagebrush

centurion

Join Date: Nov 2020 Posts: 196

The dumb money that went into silver during prior bouts of inflation, went into cryptos this time. This is why silver hasn't taken off, and won't as long as electronic "assets" are available to lazy trend-following fools trying to hedge against inflation.

Now as before, the smart money was in gold before the man in the street even realized that his Fedbucks were evaporating faster than usual.