Silver Spot Price
GiveMeProof
Posts: 626 ✭✭✭✭
Am I correct in assuming that "Spot Price" is the going rate for unrefined silver. If so where can you find that info? If this is not correct I will explain why I ask. Thank you for your attention.
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GiveMeProof
Posts: 626 ✭✭✭✭
OK, gotcha. But I thought rule of thumb with 90% was $1 face = 1 troy ounce. Thank you all for your help. Learned a little bit today.
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Go to kitco.com as one location. You can also look at the future market as that's where the bid/ask comes from.
Spot price is refined silver not unrefined.
Price for 999 fine silver in 1000 oz bars. Not for unrefined silver as you said in your question.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I use Kitco - and it is for refined... I do not know of an index for unrefined silver. Cheers, RickO
What is unrefined silver? Silver ore? Silver less than 999 fine?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Perhaps. Silver lacking in social graces 😂. Unrefined 🙀
🎶 shout shout, let it all out 🎶
So "spot" is not the going rate to purchase silver? That's where I get confused. Apmex is selling 90% silver for $7 and change below spot, but the price is very close to the going rate of silver, $23-$24.
1000 oz bars are where spot is determined. That’s a lot of silver 🤠🙀
🎶 shout shout, let it all out 🎶
90% silver is currently selling for $3.50 over spot. I'm not sure what Apmex price you're referring to. $1 face in silver is only 0.72 ounces of silver. Are you talking about $ per $ face?
$1 gave melts at $16.44 when silver is at $23, but correctly sells for $20.
First - shop around for the best prices as there are better sellers and more expensive ones. Ask on the precious metals forum
Spot silver price is the going price for the large 1000 ounce bars for immediate delivery
If you want to buy a one ounce silve eagle, that’s a different price based off spot. You’ll pay spot plus a premium over.
Similar for 90% silver. I’m not sure where you got $7 and change below. So I cannot address that.
I have no idea where each web site gets its spot price from as it seems they all have a different number (diff but close) you can see what spot price APMEX uses since they put it across the top of the page