A Major Refiner/Wholesaler Temporarily Pausing the Purchase of Alloyed Silver (.925, 90%, 40%, etc.)

coastaljerseyguy

Well if they are hedging prices with current month future contracts, delivery of 5,000 troy ozs. per contract must occur by next Friday (10/31) for final trades on 10/29. Quickest refinement is critical. Also the bars must be assayed for fineness so why mess with the 90%.

MsMorrisine

JHCB Update Oct 23, 2025

GOLD PURCHASING: OPEN AND READY TO DO BUSINESS!!!
Normal turnaround times apply.

SILVER SPOT PRICING: Our silver spot price will be determined today as follows:

– Bid: DEC COMEX Flat
– Ask: DEC COMEX +0.50
These are subject to change throughout the day without notice.

SILVER PURCHASING: WE ARE ONLY PURCHASING .999 FINE SILVER.
ALL OTHER SILVER PURCHASES, INCLUDING US90%, ARE SUSPENDED.

– .999 Silver -1.50 (must be marked!)

Note that Jack Hunt is not currently offering advances on silver sales to us over $5,000.
Payment upon processing.

TURNAROUND TIMES:

– Gold: 1-3 Business Days
– Silver: 1-5 Business Days (updated faster turnaround time)
– Silver Melts: Purchasing Suspended

Thank you, The Team at Jack Hunt

MsMorrisine

jack hunt spread just tightened again

RedneckHB

@derryb said:

@jmski52 said:
Jumping in and out of the market is for those who lack conviction and knowledge.

Maybe they're taking advantage of volatility. Maybe they do have some knowledge.
Conviction in long term performance might be blinding.

Yeah....kinda sounded like he was dissing you derryb.

jmski52

I give derryb credit for having more than some knowledge. Quite a bit, actually.

blitzdude

Refiners still not buying the gutter? It seems not many want the stuff. RGDS!

MsMorrisine

backwardation down to 30 cents