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silver spot price..do dealers follow it?

collectallcollectall Posts: 202 ✭✭
in Precious Metals
silver spot is at 25.85.... and sum the dealers got it above $26 still... i was told they automatically update? or do they just put it there they want to?
collector of gold and silver bullion..Owner of "aaa trash be gone" buffalo ny
references for completed transactions : smittys , guitarwes , vetter, JamesM , durexmetals, luke marshall ,perry hall, indiananationals,tamu15 , freechance , wdrob, jimineez1

Comments

  • mrpaseomrpaseo Posts: 4,753 ✭✭✭
    There is no law that says they must start at spot. Their systems may have adjusted for the weekend while the market is closed.


    Not really sure,
    Ray
  • jdimmickjdimmick Posts: 9,676 ✭✭✭✭✭
    some dealers use market close as spot reference, the market continued to fall after close yesterday.
  • OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭
    Some dealers will charge whatever they want for

    Steve
    Promote the Hobby
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