Whenever I sold to a LCS over the years, the discount was around 10%, so seems in line with current spot. Refiner to wholesaler discount might be a % or two, then wholesaler to LCS another couple %'s, and the little guys pays up the food chain. But I get cash on the spot walking out with a smile.
@carew4me said:
Bro will spin another lie about perfect market timing with screen shots created in MSFT Paint
@carew4me said:
Bro will spin another lie about perfect market timing with screen shots created in MSFT Paint
LOL someone got all jealous again. It's not rocket science, just takes a bit of WORK. THKS!
Can't wait to see your 'screenshot' !
Keep waiting, I've got thousands of ounces of gutter. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
$61.86 ask at Kitco. I started stacking late back at $29 and bought a lot of coins and junk, but also 10 oz and 5 oz bars. I loaded in early last Jan. to May. I can only imagine what you long terms are feeling. But at least I also bought $3,000 gold.
Anyway good for all of you. I'm happy for all of you big players. Your patience had paid off and I think its far from over yet. There will be no crash. None of the indicators reflect that. Silver is the metal of the next era of technology.
@Silverstacker said:
$61.86 ask at Kitco. I started stacking late back at $29 and bought a lot of coins and junk, but also 10 oz and 5 oz bars. I loaded in early last Jan. to May. I can only imagine what you long terms are feeling. But at least I also bought $3,000 gold.
Anyway good for all of you. I'm happy for all of you big players. Your patience had paid off and I think its far from over yet. There will be no crash. None of the indicators reflect that. Silver is the metal of the next era of technology.
I started slowly at the $18-20$ level and kept a slow but steady pace. But have been putting it on thick since the summer. Dollar cost averaging FTW. The rise of silver is far from over IMO.
@carew4me said:
Bro will spin another lie about perfect market timing with screen shots created in MSFT Paint
@carew4me said:
Bro will spin another lie about perfect market timing with screen shots created in MSFT Paint
LOL someone got all jealous again. It's not rocket science, just takes a bit of WORK. THKS!
Can't wait to see your 'screenshot' !
Keep waiting, I've got thousands of ounces of gutter. RGDS!
You should be very happy about that, but, you have an agenda.
I am, and no agenda here other than good health, peace of mind, and early retirement. Hopeful for all 3. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@jmski52 said: Most people don't know this but larger buyers/owners (Authorized participants) of SLV shares can convert their shares to physical delivery.
And when people buy into the SLV ETF, the fund is required to acquire that much more physical silver. Thus, it is a drain on available metal in the market.
.
But do they actually do that (acquire silver for every share they issue) ?
If only the "big players" can cash in their SLV shares for physical silver, then what if SLV only acquires the silver needed to cover those big players ? The small players can only ever get a cash settlement. Does SLV have all the small player silver as well ? They are supposed to, but do they really have it ?
@MsMorrisine said:
they can't convert all cash to silver. there must be a cushion for redemptions
ETF individual buyers don't want the metal sent to them, they want the profit in cash. It's an investment, usually for the short term. A stacker's physical metal is held for the long term. He would be buying an ETF for only a short term cash profit. He may hold that investment longer during periods, such as now, of steady price rises.
When gold and silver move together, it signals the coming end of fiat money.
@MsMorrisine said:
they can't convert all cash to silver. there must be a cushion for redemptions
The SLV trust deals with the Authorized Broker/Dealers who buy the basket for physical silver delivery to custodian, JPM. Supposedly this is confirmed before authorizing the new shares. After that, all individual sellers have found a buyer. I trade at Schwab. My sell may go against another Schwab customer or external to one at the hundreds of other B/Ds. The cash is moved between those customers, the SLV Trust does not participate in those transactions unless an authorized Basket participant wants to add more shares or redeem for silver delivery which will cancel those shares. All sellers have an offsetting buyer with no interaction with the Trust. The Trust only knows the Authorized B/D's, # of o/s shares and tonnes of physical in storage, and oh yeah, how much fees are generated as they take their cut daily.
Check your source, I'm showing $61 and change. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@MsMorrisine said:
they can't convert all cash to silver. there must be a cushion for redemptions
The SLV trust deals with the Authorized Broker/Dealers who buy the basket for physical silver delivery to custodian, JPM. Supposedly this is confirmed before authorizing the new shares. After that, all individual sellers have found a buyer. I trade at Schwab. My sell may go against another Schwab customer or external to one at the hundreds of other B/Ds. The cash is moved between those customers, the SLV Trust does not participate in those transactions unless an authorized Basket participant wants to add more shares or redeem for silver delivery which will cancel those shares. All sellers have an offsetting buyer with no interaction with the Trust. The Trust only knows the Authorized B/D's, # of o/s shares and tonnes of physical in storage, and oh yeah, how much fees are generated as they take their cut daily.
.
Does SLV publish anything on the total number of shares outstanding ?
That would be interesting to see a chart of the number of outstanding shares, per month, over a span of years.
Does SLV publish anything on the total number of shares outstanding ?
That would be interesting to see a chart of the number of outstanding shares, per month, over a span of years.
.
From the 2024 Annual Report
The Trust’s net asset value increased from $10,389,177,775 at December 31, 2023 to $13,401,259,004 at December 31, 2024, the Trust’s fiscal year end. Outstanding Shares of the Trust increased from 477,000,000 Shares outstanding at December 31, 2023 to 508,950,000 Shares outstanding at December 31, 2024.
For me locally, up until about 3-4 days ago, silver sales in store were non existant. The places we ship too, were back a good bit from spot, so In order to make something I had to offer a few dollars less than that because it had to be shipped out or driven. In fact, I was turning down a majority of silver bullion in leu of offering lower. But the past few days, there has been a local surge of buyers coming out of the woodwork again, every single piece of silver and gold bullion I bought from last wed on, sold the same day or the next day. I dont know what changed the atmosphere all of a sudden, but something, maybe the continued surge has folks thinking a 100 is a real possibility???
the dot.com era changed the world as it was asserted back then.
but there was a bubble that burst and a crippled - temporarily - market
turns out it was different that time. the world changed. a paradigm shift
there's nothing new on silver to account for a run up like this. silver use/demand may increase instead of decreasing, but there is no paradigm shift. but there is a - to me - unexplained 70% increase over 3 months in the price of silver. the silver price is up due to a bubble. the solar home kiosk in the mall shutdown over 10 years ago. there's a new subdivision going up without solar panels and three mile island looks like it will be restarted. compact nuclear - a game changer for datacenter power.
toyota is said to have developed a solid state ev battery. charges in something like 5 or 15 minutes. where is that? development? it's been a year or more since i've heard about it.
those silver batteries need to "unfold?" the solid state battery needs to unfold. lots needs to unfold. the stock market is forward looking. does 70% in 3 months get explained by a battery tech that 1: is in development and likely years - not months - away from -possible- production (where are those nearly finished silver battery factories located?), and 2: is also in a development contest with a solid state battery, which could win out?
toyota is said to have developed a solid state ev battery. charges in something like 5 or 15 minutes. where is that? development? it's been a year or more since i've heard about it.
those silver batteries need to "unfold?" the solid state battery needs to unfold. lots needs to unfold. the stock market is forward looking. does 70% in 3 months get explained by a battery tech that 1: is in development and likely years - not months - away from -possible- production (where are those nearly finished silver battery factories located?), and 2: is also in a development contest with a solid state battery, which could win out?
Here we go again.
Q: Are You Printing Money? Bernanke: Not Literally
@pcgscacgold said:
Samsung's new battery technology uses 1 kilogram of silver per car. That will be interesting to watch unfold.
>
One kilogram of silver per car = 32.1507. troy ounces x $100 (?) = $3215.70 per battery!!!
.
In a previous thread on this forum, I estimated that the amount of silver per car for these new batteries would be perhaps 3 troy oz. Although that is 1/10th of a kilo, it is still a significant amount. And these types of batteries could be used for a lot more than just automobiles.
Folks are still piling into the paper. Looks like 16.8 million new shares and 15+ million ozs of silver were created/deposited in the ishares SLV Trust in just 2 weeks. What's interesting, 2 million shares and ~ 2 million ozs were liquidated 2 days ago on Wed. Some broker(s) sold their basket of shares into physical.
It is interesting that silver went up a lot during the week, when US markets have lessened activity due to the holiday.
Somebody is buying - might be Asia.
@dcarr said:
It is interesting that silver went up a lot during the week, when US markets have lessened activity due to the holiday.
Somebody is buying - might be Asia.
be interesting to see how many paper holders take their profit before the new tax year.
When gold and silver move together, it signals the coming end of fiat money.
FOMO just kicked in and 01/01/2026 China will stop selling Silver to the international markets without consent from the government. Shanghai metal exchange is below 500 million ounces for the first time ever. Remember they don’t trade paper metals.
Mike
@jdimmick said:
For me locally, up until about 3-4 days ago, silver sales in store were non existant. The places we ship too, were back a good bit from spot, so In order to make something I had to offer a few dollars less than that because it had to be shipped out or driven. In fact, I was turning down a majority of silver bullion in leu of offering lower. But the past few days, there has been a local surge of buyers coming out of the woodwork again, every single piece of silver and gold bullion I bought from last wed on, sold the same day or the next day. I dont know what changed the atmosphere all of a sudden, but something, maybe the continued surge has folks thinking a 100 is a real possibility???
The sheep tend to buy at the top. Seems to happen over and over again. Although I don't think we are quite there, yet we are close. Send them my way if you are short on gutter. I got plenty for them and a commission for you. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@jdimmick said:
For me locally, up until about 3-4 days ago, silver sales in store were non existant. The places we ship too, were back a good bit from spot, so In order to make something I had to offer a few dollars less than that because it had to be shipped out or driven. In fact, I was turning down a majority of silver bullion in leu of offering lower. But the past few days, there has been a local surge of buyers coming out of the woodwork again, every single piece of silver and gold bullion I bought from last wed on, sold the same day or the next day. I dont know what changed the atmosphere all of a sudden, but something, maybe the continued surge has folks thinking a 100 is a real possibility???
The sheep tend to buy at the top. Seems to happen over and over again. Although I don't think we are quite there, yet we are close. Send them my way if you are short on gutter. I got plenty for them and a commission for you. RGDS!
Well that's how it works. People buy when it goes up and sell when it goes on sale.
Near term price target is ~$90.50. I expect the price to consolidate at those levels with perhaps some 10-20% pullbacks. While I can't begrudge anyone for taking profits, with GSR headed to single digits any sellers at these levels will really regret it. Now is not the time to sell if you don't have to.
@jdimmick said:
For me locally, up until about 3-4 days ago, silver sales in store were non existant. The places we ship too, were back a good bit from spot, so In order to make something I had to offer a few dollars less than that because it had to be shipped out or driven. In fact, I was turning down a majority of silver bullion in leu of offering lower. But the past few days, there has been a local surge of buyers coming out of the woodwork again, every single piece of silver and gold bullion I bought from last wed on, sold the same day or the next day. I dont know what changed the atmosphere all of a sudden, but something, maybe the continued surge has folks thinking a 100 is a real possibility???
The sheep tend to buy at the top. Seems to happen over and over again. Although I don't think we are quite there, yet we are close. Send them my way if you are short on gutter. I got plenty for them and a commission for you. RGDS!
Well that's how it works. People buy when it goes up and sell when it goes on sale.
Near term price target is ~$90.50. I expect the price to consolidate at those levels with perhaps some 10-20% pullbacks. While I can't begrudge anyone for taking profits, with GSR headed to single digits any sellers at these levels will really regret it. Now is not the time to sell if you don't have to.
It's NEVER time to sell!
Unless you are backed into a financial corner with no alternative.
Comments
How long have dealers/LCS/refiners been discounting off the official silver price for 90% "junk" silver ?
I know I got quoted $6 off when I went to an LCS a few weeks ago....was that the case when the price was in the $40's or $30's ?
Whenever I sold to a LCS over the years, the discount was around 10%, so seems in line with current spot. Refiner to wholesaler discount might be a % or two, then wholesaler to LCS another couple %'s, and the little guys pays up the food chain. But I get cash on the spot walking out with a smile.
Keep waiting, I've got thousands of ounces of gutter. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
$61.86 ask at Kitco. I started stacking late back at $29 and bought a lot of coins and junk, but also 10 oz and 5 oz bars. I loaded in early last Jan. to May. I can only imagine what you long terms are feeling. But at least I also bought $3,000 gold.
Anyway good for all of you. I'm happy for all of you big players. Your patience had paid off and I think its far from over yet. There will be no crash. None of the indicators reflect that. Silver is the metal of the next era of technology.
I started slowly at the $18-20$ level and kept a slow but steady pace. But have been putting it on thick since the summer. Dollar cost averaging FTW. The rise of silver is far from over IMO.
COPPER is gutter !
You should be very happy about that, but, you have an agenda.
COPPER is gutter !
I am, and no agenda here other than good health, peace of mind, and early retirement. Hopeful for all 3. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
.
But do they actually do that (acquire silver for every share they issue) ?
If only the "big players" can cash in their SLV shares for physical silver, then what if SLV only acquires the silver needed to cover those big players ? The small players can only ever get a cash settlement. Does SLV have all the small player silver as well ? They are supposed to, but do they really have it ?
.
they can't convert all cash to silver. there must be a cushion for redemptions
ETF individual buyers don't want the metal sent to them, they want the profit in cash. It's an investment, usually for the short term. A stacker's physical metal is held for the long term. He would be buying an ETF for only a short term cash profit. He may hold that investment longer during periods, such as now, of steady price rises.
When gold and silver move together, it signals the coming end of fiat money.
$64 is here.
Now $65.
The SLV trust deals with the Authorized Broker/Dealers who buy the basket for physical silver delivery to custodian, JPM. Supposedly this is confirmed before authorizing the new shares. After that, all individual sellers have found a buyer. I trade at Schwab. My sell may go against another Schwab customer or external to one at the hundreds of other B/Ds. The cash is moved between those customers, the SLV Trust does not participate in those transactions unless an authorized Basket participant wants to add more shares or redeem for silver delivery which will cancel those shares. All sellers have an offsetting buyer with no interaction with the Trust. The Trust only knows the Authorized B/D's, # of o/s shares and tonnes of physical in storage, and oh yeah, how much fees are generated as they take their cut daily.
Check your source, I'm showing $61 and change.
THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
COMEX #failed at trying to slam down the market again today lolz
COPPER is gutter !
.
Does SLV publish anything on the total number of shares outstanding ?
That would be interesting to see a chart of the number of outstanding shares, per month, over a span of years.
.
From the 2024 Annual Report
The Trust’s net asset value increased from $10,389,177,775 at December 31, 2023 to $13,401,259,004 at December 31, 2024, the Trust’s fiscal year end. Outstanding Shares of the Trust increased from 477,000,000 Shares outstanding at December 31, 2023 to 508,950,000 Shares outstanding at December 31, 2024.
Current Shares Outstanding 570.2M
The Blackrock ishares SLV site has a lot of useful information, although the prospectus stuff is pretty boring to read.
Silver moving tonight. $66 is here.
Silver be BOOMIN!®. BR!
Philippians 4:4-7
$60 for those of us looking to sell for an exchange.
$68+ tonight.
And $2,000+ on Pt and a new ATH for spot Au.
$70!
Now $75+!
For me locally, up until about 3-4 days ago, silver sales in store were non existant. The places we ship too, were back a good bit from spot, so In order to make something I had to offer a few dollars less than that because it had to be shipped out or driven. In fact, I was turning down a majority of silver bullion in leu of offering lower. But the past few days, there has been a local surge of buyers coming out of the woodwork again, every single piece of silver and gold bullion I bought from last wed on, sold the same day or the next day. I dont know what changed the atmosphere all of a sudden, but something, maybe the continued surge has folks thinking a 100 is a real possibility???
last minute Christmas presents?? (??)
it'll be interesting to see if it's a real trend
This is a paradigm shift, and not a trend per se’
the dot.com era changed the world as it was asserted back then.
but there was a bubble that burst and a crippled - temporarily - market
turns out it was different that time. the world changed. a paradigm shift
there's nothing new on silver to account for a run up like this. silver use/demand may increase instead of decreasing, but there is no paradigm shift. but there is a - to me - unexplained 70% increase over 3 months in the price of silver. the silver price is up due to a bubble. the solar home kiosk in the mall shutdown over 10 years ago. there's a new subdivision going up without solar panels and three mile island looks like it will be restarted. compact nuclear - a game changer for datacenter power.
Samsung's new battery technology uses 1 kilogram of silver per car. That will be interesting to watch unfold.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
toyota is said to have developed a solid state ev battery. charges in something like 5 or 15 minutes. where is that? development? it's been a year or more since i've heard about it.
those silver batteries need to "unfold?" the solid state battery needs to unfold. lots needs to unfold. the stock market is forward looking. does 70% in 3 months get explained by a battery tech that 1: is in development and likely years - not months - away from -possible- production (where are those nearly finished silver battery factories located?), and 2: is also in a development contest with a solid state battery, which could win out?
toyota is said to have developed a solid state ev battery. charges in something like 5 or 15 minutes. where is that? development? it's been a year or more since i've heard about it.
those silver batteries need to "unfold?" the solid state battery needs to unfold. lots needs to unfold. the stock market is forward looking. does 70% in 3 months get explained by a battery tech that 1: is in development and likely years - not months - away from -possible- production (where are those nearly finished silver battery factories located?), and 2: is also in a development contest with a solid state battery, which could win out?
Here we go again.
I knew it would happen.
>
One kilogram of silver per car = 32.1507. troy ounces x $100 (?) = $3215.70 per battery!!!
Current replacement cost for a battery up to $9000 and up to $17,000 in a Tesla. Costly for sure.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
.
In a previous thread on this forum, I estimated that the amount of silver per car for these new batteries would be perhaps 3 troy oz. Although that is 1/10th of a kilo, it is still a significant amount. And these types of batteries could be used for a lot more than just automobiles.
https://forums.collectors.com/discussion/comment/13795610#Comment_13795610
.
>
Looks more like rotation from paper silver into physical silver.
See: "That constraint is physical."
Folks are still piling into the paper. Looks like 16.8 million new shares and 15+ million ozs of silver were created/deposited in the ishares SLV Trust in just 2 weeks. What's interesting, 2 million shares and ~ 2 million ozs were liquidated 2 days ago on Wed. Some broker(s) sold their basket of shares into physical.
Wow. Just wow.
The markets kept me busy updating this thread today. Wondering if we'll hit $80 by market close?
It closed on an uptick. ATH = $79.27. UP $7.43 on the day. Up 10.34% on the close.
I knew it would happen.
When gold and silver move together, it signals the coming end of fiat money.
It is interesting that silver went up a lot during the week, when US markets have lessened activity due to the holiday.
Somebody is buying - might be Asia.
be interesting to see how many paper holders take their profit before the new tax year.
When gold and silver move together, it signals the coming end of fiat money.
So thankful for all those clueless youtubers
COPPER is gutter !
FOMO just kicked in and 01/01/2026 China will stop selling Silver to the international markets without consent from the government. Shanghai metal exchange is below 500 million ounces for the first time ever. Remember they don’t trade paper metals.
Mike
MIKE B.
The sheep tend to buy at the top. Seems to happen over and over again. Although I don't think we are quite there, yet we are close. Send them my way if you are short on gutter. I got plenty for them and a commission for you. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Holy crap!
Well that's how it works. People buy when it goes up and sell when it goes on sale.
Near term price target is ~$90.50. I expect the price to consolidate at those levels with perhaps some 10-20% pullbacks. While I can't begrudge anyone for taking profits, with GSR headed to single digits any sellers at these levels will really regret it. Now is not the time to sell if you don't have to.
It's NEVER time to sell!
Unless you are backed into a financial corner with no alternative.
COPPER is gutter !
..> @derryb said:
Weekly and monthly RSI are 91.
Knowledge is the enemy of fear