available silver drying up?
derryb
Posts: 37,188 ✭✭✭✭✭
Searching my favorite bullion dealers for "quality" products I'm finding a lot of "notify me when available."
Same with your favorite sellers?
Repetition of ignorance is ignorance raised to the power two.
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About time, they have been usury on the buy prices. Now they call me every morning. I will be selling them but on my schedule.
Bought several RCM gutter bars the past few days (2 different companies) and some ASEs from Costco. No shortages to report from The Commonweath. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
At the recent Denver Coin Club show, one dealer commented to me that his fancy modern high-premium silver "collectibles" were selling pretty well at $40 per ounce and up (most of those were 1-oz to about 4-oz in weight). But the standard (generic/common) silver bullion wasn't selling well for him. So I bought one die-struck A-Mark 10-oz bar and one somewhat older vintage Academy poured 10-oz ingot, both for a small fraction under the "spot" price at the time.
The attendees of this show were apparently collectors more than bullion speculators. But it was a Coin Club show, after all.
Here locally, only specialty silver is selling , regular bullion impossible to sell even around spot.
My SLV has remained as liquid as ever. In fact, I plan to dump my latest batch here at this morning's open. Profits used to turn the paper gutter into a bit of physical gutter. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Silver is starting to finally show signs of a breakout to the upside. Demand is strong. I expect new 10-year high coming this year.
And yes, the past 10 years have been fairly lousy for those holding physical, but silver is overdue for more attention from the market. The 90:1 gold silver ratio it has been bouncing off of the past 3 years seems to be the upside resistance. A drop back to a more recent 80 lower level would be a 10-15% up move.
My US Mint Commemorative Medal Set
"With gold trading at $2,940 and silver still down at $32.22, the gold-to-silver ratio is over 90 to 1. Since gold is highly likely to continue rising, an explosive catch-up move in silver is likely soon. So if you think you missed the boat on gold, just buy some silver instead."
— Peter Schiff (@PeterSchiff) February 11, 2025
Repetition of ignorance is ignorance raised to the power two.