With the 20% tank or so, where are we x face now?

TexasNationals

What is a fair buy price for halves and quarters now that we are on the downward slope?

cone10

The highest buy price I saw locally was 26x most were 24x.

Wingsrule

With spot at $38.15, Tulving is buying at 26.5x and selling at 27.2x for quarters and dimes. For Walkers, add 0.2x.

Wingsrule

30 minutes later, subtract 0.25x from the figures above.

giorgio11

I use a really easy rule of thumb, a fair selling price close to melt for 90% is to divide the spot price by 1.4, that is x in a fair price to sell 90% FV times x. Current spot for example is $38.01, divide by 1.4 = pay 27.1 times face va;ue for 90%.

The buy price would be a few percent less, obviously how much percent would depend on the dealer (as would the sell price, this is just my handy rule of thumb).

PS It works this way because a $1,000 bag of silver contains about 715 oz net, $1000/715 ~= 1.4

Hope this is helpful.

CaptHenway

Or just multiply spot x .715 to get melt. That's the formula most dealers use.

Most dealers are still selling at melt or a little less. Most of them are backing off their buy rate while waiting to see what happens.

TD