What's your buy price for silver?

copperfan

Mine has been at $12. I think it will go down further, but this is where I start buying.




Anyone else?

RedTiger

I've been buying all along, though I slowed down at $16+ and stopped at $18+. I prefer to buy under melt value and that is much more common when prices are moving up. When prices are dropping, almost everything seems to sell for a premium over melt.

I would really like to see some messages on BST from people dumping their silver and gold to convince me that the lows are in. Seems like everyone, newbie and veteran alike, is a buyer. The few sellers want $3 or more over melt for their silver. Even if a buyer times the silver price perfectly (unlikely), they need a $4 increase in spot price to get to where they can get out with a profit.

ProofCollection

I think it's going to hit $11 briefly. I'm going to load up then.

copperfan

I think it might go to $9-10, I hope.

ttown

Average all the way down. Don't just drop all your money on 1 transaction. You wait for some of your buy prices and you'll never have any IMO and you'll be waiting for the next drop.

BAJJERFAN

<< <i>I think it's going to hit $11 briefly. I'm going to load up then. >>



Who do you suppose will sell to you at those prices? Too bad yawl caint pule yer munny ann make wun big buy from smoeone like Englehard or Johnson-Matthey.

Mercfan

Last time I bought silver for anything higher than face value, I paid $106 per roll for ASE's.

If given the opportunity to get more at a similar price, I probably would. If not, I'll be content to mine silver a little at a time at face from rolls of halves.

ttown

I think your going to have a hard time finding anything for sale in physical silver at these prices much less what some of you are wanting to buy it for. Try finding a quanity to buy now. You'll be forced to play the ETF's at low levels.

jmski52

I won't pretend that I'm not pro-silver or that I've got the greatest timing. I bought a chunk at $21.00 and another batch at $17.00, but I've been buying smaller amounts all the way down to $13.00.

These latest buys are currently in a loss position. To me, the physical silver means more than a quick turn in an ETF. The whole thing seems like a shell game to me, and when the dust settles, I will know that I didn't ignore everything I see going on around me, and that I made the smartest moves I could, using the information that was available to me at the time.

Owning the physical stuff doesn't cause the anxiety that ETF holdings produce. It's simply a committment, and I don't plan on a fast turnaround or a forced liquidation. It's not a casino, and if you look clearly around you, today's price is peripheral to the knowledge that the financial system is not on solid ground.

tydye

I quit buying a while back when it got to $15 then sold about half at about the 18/19 mark. I started buying again last week when it approached $15 and will buy more this weekend.
My approach to the PM thing is more like gambling than anything else. I spend about the same amount of money I would if I was going to AC. I do it for fun, dont really treat it like an investment but do figure my odds are better. I do try to play smart by purchasing metal with dual appeal. For silver I like vintage art bars, gold I like older foreign.

jamakin

I'm a buyer @10
Not saying it will get there but I would seriously add to my hoard at that point.

Coinlearner

I try to buy a set amount every month, regardless of price. The current price of silver, if I remember correctly, is in the range when gold was around $650. Think it stayed between 11-14 for about a year, before the $21 rise. Seems like a good buy now but never know..DYODD

stockwiz

hope it goes down, but given the extreme amount of sudden silver bashing my guess is we're close to the low.. we went from "silver is $15!!! what a bargain!! buy buy buy!!!" to " silver is going down to 6 dollars, you're a fool to buy here.. wait till it goes lower" ... that tells me the bottom is near. I do wish it would go to 6 dollars though! I'd buy 1000 ounces.

19Lyds

$5 bucks will get my attention!

garsmith

I'm looking now; and hoping it will go lower still.

jmski52

Kitco Notice, posted on their web page:

IMPORTANT NEW NOTICE: Due to market volatility and higher demand in the entire industry, we are anticipating delays in supply of all bullion products. Please note that you can continue to place orders and prices will be guaranteed; however, cancellation fees will still be applicable regardless of the length of the delay. Consequently once inventory is received there may also be delays in processing and shipping by our vaults.

I've been monitoring Tulving's site, and the availability and the various options for silver have been whittled down for the past 10 days.

Today, they are completely sold out of all options. Yesterday, they still had bags of silver halves for sale. Two days ago, they had a couple other forms of silver left for sale.

It could be that we will now see the impact of supply vs. demand. Go ahead and short the ETF all you want. I'll take physical, any day of the week.

percyb

I'm long at 16 and change...I'd like to see it at 6 where I can buy more, but hope it rallys before then, to be sure!

RedTiger

<< <i>hope it goes down, but given the extreme amount of sudden silver bashing my guess is we're close to the low.. we went from "silver is $15!!! what a bargain!! buy buy buy!!!" to " silver is going down to 6 dollars, you're a fool to buy here.. wait till it goes lower" ... that tells me the bottom is near. I do wish it would go to 6 dollars though! I'd buy 1000 ounces. >>



Way too many newbies on the forum are loading up for my taste. Virtually no one is selling, or reducing their exposure. That is what I want to see, newbies that bought at $18 to $20, wanting to unload at any price, "just get me out," type of panic selling on BST. Instead, both newbie and veteran are buying or doubling up, and both seem to be firm and think that are smart buying on this dip. Markets usually don't reward newbies enmasse when they buy dips. Odds favor lower prices as long as the newbie crowd keeps punching the buy button.

/edit to add: much of the bearish talk seems to be from folks that don't have any money at stake and are just talking to stir the pot. Most are not selling what they have, they aren't shorting. The exception is Storm888, but he called the top and the crash, so I would tend to want to listen to him. The others, not so much. Anyone can talk. I am always more interested in what folks are doing in terms of buying or selling, than what to my mind are mostly empty and basically worthless predictions.

MORGANHUNTER2

Keeploading up - the fall will be short lived.

I see a rise come December that will make a few in the markets go nutzo before years end.

Yes it has a lot to do with politics....

ebaytrader

If you're looking at the spot prices and thinking you can take delivery right now for those prices, you're kidding yourselves. Physical silver is not available at this level.

Smittys

I bought a bunch at 14.00 and am thinking of buying more if it can be found at current levels
Just seems like everyone's out of silver unless you want oct shipment

fc

<< <i>I bought a bunch at 14.00 and am thinking of buying more if it can be found at current levels
Just seems like everyone's out of silver unless you want oct shipment >>



if you can lock in prices at the current levels what is wrong with an
oct shipment?

i feel i do not have the thousands to throw at such a deal... i ussually
buy 300-400 at a whack which i bet does not meet their minimums.

BAJJERFAN

<< <i>

<< <i>I bought a bunch at 14.00 and am thinking of buying more if it can be found at current levels
Just seems like everyone's out of silver unless you want oct shipment >>



if you can lock in prices at the current levels what is wrong with an
oct shipment? >>



Well if it goes back up before then and you want to sell it you can't ship what you don't possess.

Casman

Last time I loaded up it was under $5 bucks an ounce....Doubt we will ever see that again, the biggest problem back then was storage...