@10000lakes said:
"Dude, I don't want to argue with you, but it says right on the screen plain as day. It's a futures contract expiring on 3/26."
I suggest you read up on the difference between futures and options and get back to me on what premium means between the two products. Futures trade closer to the underlying spot price because people can use one to hedge the other to bring them back in sync in most normal markets.
In any case the Tokenized stock is more like people betting what SLV will trade at.
The actual market for the SLV etf will open at 8:00pm EST in nightly trading, so we will have a clearer picture then.
Futures contracts trade for a premium based on duration - as I indicated. The June future trades higher than the March future.
I'm not sure what we're waiting for. The silver market is open now. SLV is always back of the actual silver price and the current silver price is $28.11 while your "tokenized ETF future" is at $30. There's no way SLV opens at $30.
I never said that futures don't trade at a premium or discount to spot.
And SLV may not trade at it's normal discount to silver spot. Markets can become dislocated for short period of time.
People are betting that SLV will be trading at premium when it opens. I have no idea if it will or won't.
I was just posting info on what the expectation is.
As it stands right now the premium on the tokenized stock is moving down closer to what the implied price should be based on the spot silver price, but it is still trading at a large premium based on the historical norm.
@10000lakes said:
"Dude, I don't want to argue with you, but it says right on the screen plain as day. It's a futures contract expiring on 3/26."
I suggest you read up on the difference between futures and options and get back to me on what premium means between the two products. Futures trade closer to the underlying spot price because people can use one to hedge the other to bring them back in sync in most normal markets.
In any case the Tokenized stock is more like people betting what SLV will trade at.
The actual market for the SLV etf will open at 8:00pm EST in nightly trading, so we will have a clearer picture then.
Futures contracts trade for a premium based on duration - as I indicated. The June future trades higher than the March future.
I'm not sure what we're waiting for. The silver market is open now. SLV is always back of the actual silver price and the current silver price is $28.11 while your "tokenized ETF future" is at $30. There's no way SLV opens at $30.
I never said that futures don't trade at a premium or discount to spot.
And SLV may not trade at it's normal discount to silver spot. Markets can become dislocated for short period of time.
People are betting that SLV will be trading at premium when it opens. I have no idea if it will or won't.
I was just posting info on what the expectation is.
As it stands right now the premium on the tokenized stock is moving down closer to what the implied price should be based on the spot silver price, but it is still trading at a large premium based on the historical norm.
I am curious what they are holding. You can't get straight futures on SLV. They must have created the token with some combination of silver futures and SLV options.
It's new to me. It's some firm based in Germany that setup this exchange to trade tokenized stocks 24/7.
I guess all of the cool kids are doing it. Lol
@Panda4456 said:
I think I’ll even hold SLV for the long term. We all know silver will rise with inflation over time!
You mean like it did from 1981 to 2000?
If you want to hold silver for a long time, buy physical. The ETF will cost you a few percent every year.
The fee is 0.5% per year. The spread on physical is probably 4-6 times that (or more for small quantities) so you’d be better off with the ETF if you are holding for up to a few years.
@Panda4456 said:
I think I’ll even hold SLV for the long term. We all know silver will rise with inflation over time!
You mean like it did from 1981 to 2000?
If you want to hold silver for a long time, buy physical. The ETF will cost you a few percent every year.
The fee is 0.5% per year. The spread on physical is probably 4-6 times that (or more for small quantities) so you’d be better off with the ETF if you are holding for up to a few years.
If someone buys and sells physical silver there are eBay fees and shipping fees.
Have any of you gone on Reddit to look at their discussion? It seems there is no group organized for the Silver trade yet....they are still discussing GME and AMC...
I think the bounce you are seeing in Silver is in anticipation of them shifting to Silver from others.... not the Reddit group...
@nags said:
From a collecting perspective, if silver hit $300 what percent of Morgan and Peace dollars get melted? I’d have to imagine at that level 99% of them would carry zero numismatic premium.
@Panda4456 said:
I think I’ll even hold SLV for the long term. We all know silver will rise with inflation over time!
You mean like it did from 1981 to 2000?
If you want to hold silver for a long time, buy physical. The ETF will cost you a few percent every year.
The fee is 0.5% per year. The spread on physical is probably 4-6 times that (or more for small quantities) so you’d be better off with the ETF if you are holding for up to a few years.
If someone buys and sells physical silver there are eBay fees and shipping fees.
First of all eff ewe.
2nd of all, who mentioned eBay and shipping? Oh, yeah, it was you. That is not the only way to buy bullion. But, even if you did, that's a one time fee. The 0.5% management fee is every year. You mentioned "long term". I assume you consider 6 months to be "long term" because 0.5% per year over 20 years is a 10% fee to let someone else hold your silver.
3rd of all, see number 1.
This guy needs to be reported and leave this site. He’s just another troll who is angry about his own life and wants to insult people online because he has nothing better to do with his life.
was trying to checkout at apmex since 620, 10 austrian philharmonic, while price was 33.20 ... CONSTANT lags and crashes [was like trying a us mint purchase 🙃], then the clouds cleared: now more than 37/oz ... no thanks 🙄
it's moving --- will be interesting to see compounded or reversed action on us market open 👀
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@ɹoʇɔǝlloɔ said: @jmlanzaf was just seeing that - spot's barely moved [esp over hr I tried to purchase], but apmex jacked up their premiums by $5+/oz buyer beware
I don't know what their lag is. Silver was up $2 at one point and has been dropping ever since.
man ... they've got a ~$10/oz premium on all their world bullion - yikes 😬
@10000lakes said:
Still waiting for SLV to open on Sunday night US trading.
Indications are @ $29.10 currently
open.
opened at 8pm sharp.
the taller yellow bars are about 10,000 shaers. time: 1 minute.
Thanks, I'm not normally trading on Sunday nights.
I was looking at Etrade screen, hard to tell since they don't show volume.
So the price I was looking at must be the actual market.
Have to move my limit sell orders down a little :-)
@WQuarterFreddie said:
Have any of you gone on Reddit to look at their discussion? It seems there is no group organized for the Silver trade yet....they are still discussing GME and AMC...
I think the bounce you are seeing in Silver is in anticipation of them shifting to Silver from others.... not the Reddit group...
JMHO.....
I don't know. Something was pushing silver at the end of last week. WSB is soooo busy, it is hard to keep track of what they are pushing. Most of the threads are like a late night frat party when the keg is empty.
I hear ya! The posts update faster than the PS5 forum! Just adding my thoughts that this move on Silver was RUMOR based not news.....bottom line I think the shorts on any stock are sharting themselves right now🤣😂
Comments
I think I’ll even hold SLV for the long term. We all know silver will rise with inflation over time!
I never said that futures don't trade at a premium or discount to spot.
And SLV may not trade at it's normal discount to silver spot. Markets can become dislocated for short period of time.
People are betting that SLV will be trading at premium when it opens. I have no idea if it will or won't.
I was just posting info on what the expectation is.
As it stands right now the premium on the tokenized stock is moving down closer to what the implied price should be based on the spot silver price, but it is still trading at a large premium based on the historical norm.
It's new to me. It's some firm based in Germany that setup this exchange to trade tokenized stocks 24/7.
I guess all of the cool kids are doing it. Lol
https://help.ftx.com/hc/en-us/articles/360051229472-Equities
It looks like you can buy ASE monster boxes on Apmex for about $ 40/ounce at the moment.
Don’t let him get underneath your skin too far lakes, he is our resident tenured contrarian.
Yes, I know.
Just trying to have a civil discussion.
I've got 400 shares of AMC.
Are you up or down?
The fee is 0.5% per year. The spread on physical is probably 4-6 times that (or more for small quantities) so you’d be better off with the ETF if you are holding for up to a few years.
If someone buys and sells physical silver there are eBay fees and shipping fees.
this is link to SLV at that site
https://ftx.com/trade/SLV/USD
Have any of you gone on Reddit to look at their discussion? It seems there is no group organized for the Silver trade yet....they are still discussing GME and AMC...
I think the bounce you are seeing in Silver is in anticipation of them shifting to Silver from others.... not the Reddit group...
JMHO.....
90% of them have little numismatic premium today.
The issue here for me is what will happen when you all figure out there is not enough silver to cover stocks etc..?
This guy needs to be reported and leave this site. He’s just another troll who is angry about his own life and wants to insult people online because he has nothing better to do with his life.
was trying to checkout at apmex since 620, 10 austrian philharmonic, while price was 33.20 ... CONSTANT lags and crashes [was like trying a us mint purchase 🙃], then the clouds cleared: now more than 37/oz ... no thanks 🙄
it's moving --- will be interesting to see compounded or reversed action on us market open 👀
@jmlanzaf was just seeing that - spot's barely moved [esp over hr I tried to purchase], but apmex jacked up their premiums by $5+/oz buyer beware
Still waiting for SLV to open on Sunday night US trading.
Indications are @ $29.10 currently
Love this site
https://m.netdania.com/commodities/xagusd/netdania-rt
https://m.netdania.com/global
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
open.
opened at 8pm sharp.
the taller yellow bars are about 10,000 shaers. time: 1 minute.
man ... they've got a ~$10/oz premium on all their world bullion - yikes 😬
Still waiting.
US SLV open indication $29.18
German token trading at $30.10
Geeze...I was just liking this thread.
Thanks, I'm not normally trading on Sunday nights.
I was looking at Etrade screen, hard to tell since they don't show volume.
So the price I was looking at must be the actual market.
Have to move my limit sell orders down a little :-)
I hear ya! The posts update faster than the PS5 forum! Just adding my thoughts that this move on Silver was RUMOR based not news.....bottom line I think the shorts on any stock are sharting themselves right now🤣😂
who's going to sleep tonight?
Thanks. Bookmarked it.
Looks like the JM site is down. APMEX super slow.
Ahh, the madness of crowds!
Entertaining... from afar 😉
Liberty: Parent of Science & Industry
Funky evening:
someone from sd bullion on bloomberg tv saying that a wholesaler to them they are going to reprice in the morning
sold 10x normal weekend volume. not hedged enough going into weekend based upon their non-psychic predictions.
"there's not too many products (on site) left to buy"
If these metal dealers are charging 40-50 per ounce they must know something we don’t! Keep buying!
yes, they know how they can suck more profit from the buyers.