And the fun begins. . .

MsMorrisine · January 31, 2021 4:06PM

the night is young

Interested what asia does

hchcoin · January 31, 2021 4:10PM

Fasten your seat belts.

derryb · January 31, 2021 4:18PM

until the bandits have access to SLV all silver price movement is pure speculation.

The big bullion boys have yet to reappear with their silver on ebay.

Keevan · January 31, 2021 5:04PM

What is going on with the dealer websites (big and little)?

These are all the examples I found in just checking a handful of websites:

"Due to high volume, expect shipping delays of 7-10 days"
Attention Customers: Due to increased order volume, we are currently experiencing shipping delays of 5-10 days from cleared payment.
Sale of silver items will be disabled until the market reopens Sunday evening due to extreme price volatility.
This Account has been suspended. Contact your hosting provider for more information.
This site took too long to respond.

OperationButter · January 31, 2021 5:08PM

JM Bullion still has about 900 10oz bars available at ~$32/oz

derryb · January 31, 2021 5:33PM

Well, APMEX is back up on ebay with $789 ASE tubes.

I've got a few listed at much less but you gotta buy more than two. I'm taking advantage of a FVF fee seller promo that ends around 9 pm. At that time I'll be removing the listings.

Wingsrule · January 31, 2021 5:36PM

Kitco has been showing a $1.00 spread on silver for at least the last 10 mins.

blitzdude · January 31, 2021 5:36PM

@derryb said:
Well, APMEX is back up on ebay with $789 ASE tubes.

I've got a few listed at much less but you gotta buy more than two. I'm taking advantage of a FVF fee seller promo that ends around 9 pm. At that time I'll be removing the listings.

You remind me of that my pillow guy, always promoting your product. lol

tincup · January 31, 2021 5:37PM

Well... that was kind of like watching fireworks.... flies straight up..... burns out.... then falls back down......

tincup · January 31, 2021 5:38PM

But actually is still holding pretty well for an early start.

derryb · January 31, 2021 5:48PM

@blitzdude said:

@derryb said:
Well, APMEX is back up on ebay with $789 ASE tubes.

I've got a few listed at much less but you gotta buy more than two. I'm taking advantage of a FVF fee seller promo that ends around 9 pm. At that time I'll be removing the listings.

You remind me of that my pillow guy, always promoting your product. lol

Well, I do promote your's as well.

blitzdude · January 31, 2021 6:08PM

@derryb said:

@blitzdude said:

@derryb said:
Well, APMEX is back up on ebay with $789 ASE tubes.

I've got a few listed at much less but you gotta buy more than two. I'm taking advantage of a FVF fee seller promo that ends around 9 pm. At that time I'll be removing the listings.

You remind me of that my pillow guy, always promoting your product. lol

Well, I do promote your's as well.

Heh, NY.....close. We'll all be "rich" one of these days.

MsMorrisine · January 31, 2021 6:09PM

the far east has awoken

MsMorrisine · January 31, 2021 6:10PM

the taller yellow bars are about 10,000 shaers. time: 1 minute.

Justacommeman · January 31, 2021 6:13PM

I'm a big fan of this site. Toggle for all assets and indexes

https://m.netdania.com/global

https://m.netdania.com/commodities/xagusd/netdania-rt

m

heavymetal · January 31, 2021 6:59PM

As of 8:57 pm est I can’t log onto Ebay, Apmex, Pristine Auction or Moderncoinmart. Weird

hchcoin · January 31, 2021 7:10PM

@heavymetal said:
As of 8:57 pm est I can’t log onto Ebay, Apmex, Pristine Auction or Moderncoinmart. Weird

Funny - I am having no problem logging on to the govmint website

chesterb · January 31, 2021 8:15PM

ASEs are selling for $40 right now on APMEX.

RonB · January 31, 2021 9:38PM

@Justacommeman said:
I'm a big fan of this site. Toggle for all assets and indexes

https://m.netdania.com/global

https://m.netdania.com/commodities/xagusd/netdania-rt

m

Nice site, fast quotes. Thx

Clackamas1 · February 1, 2021 12:28AM

@MsMorrisine said:

the taller yellow bars are about 10,000 shaers. time: 1 minute.

I see no yellow.

FHC · February 1, 2021 1:45AM

Kitco is now showing a dollar spread on the bid/ask price of silver. And silver just hit $30/oz.

Wingsrule · February 1, 2021 3:17AM

Common 10oz Engelhard bars are selling at $400 or better on eBay.

TPGS · February 1, 2021 4:33AM

SilverSqueeze is trending on twitter.

carew4me · February 1, 2021 5:44AM

It's alright....It's alright....It's all right....she moves in mysterious ways.

Clackamas1 · February 1, 2021 6:56AM

What would ignite this rocket is future contract holders taking delivery of the real deal. The spread between spot and physical is huge right now.

carew4me · February 1, 2021 7:14AM

epic effort from JPM trading desk trying to depress momentum before 9:30 frenzy

Stork · February 1, 2021 8:05AM

@dpoole said:
So who's going to actually buy your tubes and monster boxes of ASEs when all this spikes tomorrow?

(yes rando photo grabbed via google-fu)

jdimmick · February 1, 2021 8:39AM

Starting this am at 830, I have been getting numerous calls wanting to buy silver from newbies, also once I opened the store 30 min ago, several people whom I have never seen before came in wanting to buy silveror want to know about how you go about buying silver.

dealer freind about 60 miles north of me, said the same thing happen to him

Its insane.

philographer · February 1, 2021 9:26AM

The price for silver eagles is crazy on eBay--seems to be about $800 +/- per roll. Would be great to get a price like that* without the hassle and fees of eBay.

Edited: * as a seller

CaptHenway · February 1, 2021 9:32AM

How is the demand for gold among all this? Any spillover?

ricko · February 1, 2021 9:45AM

Down from $29.51 to $28.28....and hovering. Looks like hot air ran out... Cheers, RickO

MsMorrisine · February 1, 2021 9:57AM

the news has been concentrating on silver. the bullion dealers in the news are talking silver. i'll guess as a spectator that it's silver.

but yeah, be nice to hear from a dealer

Dscoin · February 1, 2021 10:09AM

Just got off the phone with my local dealer, with spot at ~$29.25 his buy prices are:
$34 on ASE
22x on 90%

CaptHenway · February 1, 2021 10:22AM

@Dscoin said:
Just got off the phone with my local dealer, with spot at ~$29.25 his buy prices are:
$34 on ASE
22x on 90%

What is he selling at?

Meltdown · February 1, 2021 10:25AM

My shop is selling SAE's at $36.40 per and buying at $29.70 as of this morning... with this disclaimer.

Monday February 1st - Notice to Customers

Due to extreme volatility all ordered must be paid in full at time of purchase

Bank Wires, ACH's, Zelle, Money Orders or in person Checks or Cash

Also, news of a short squeeze has dramatically increased premiums

and reduced availability of some products

derryb · February 1, 2021 10:43AM

@Dscoin said:
Just got off the phone with my local dealer, with spot at ~$29.25 his buy prices are:
$34 on ASE
22x on 90%

he's buying ASEs for $34 with spot at 29.25?

derryb · February 1, 2021 10:46AM

So, did the Reddit Raiders win? lol

All they did was create a little uncertainty that gave us a few temporary dollars. The futures shorts will take them back.

fishteeth · February 1, 2021 11:02AM

Just got off the phone with a local dealer- they took their phones off the hook, I now have to call him through his cell phone only. Had a line at 9 am this morning and sold out of everything at 10 dollars over. He cannot find much to sell and is now calling clients to see if they will sell to him. I would run him a load of silver but cant get away from patients until tomorrow.

I have a gut feeling telling me this will only last a day or two so will gladly take some profit.

Justacommeman · February 1, 2021 1:13PM

@CaptHenway said:
How is the demand for gold among all this? Any spillover?

I bought some on Friday and expected delivery is Feb 20 . Zero AGE's, Buffalos. Heard the same elsewhere

m

MsMorrisine · February 1, 2021 1:51PM

cnbc just said slv highest volume ever

Dscoin · February 1, 2021 2:30PM

@derryb said:

@Dscoin said:
Just got off the phone with my local dealer, with spot at ~$29.25 his buy prices are:
$34 on ASE
22x on 90%

he's buying ASEs for $34 with spot at 29.25?

You got it

Dscoin · February 1, 2021 2:34PM

@CaptHenway said:

@Dscoin said:
Just got off the phone with my local dealer, with spot at ~$29.25 his buy prices are:
$34 on ASE
22x on 90%

What is he selling at?

I did not ask, I won’t be buying at these prices so it really didn’t matter to me. A few months ago when silver was around $28 or so he was buying ASE’s at $35 so this isn’t unheard of in my parts. I should have sold everything I had to him at that time, that was on a Saturday and the next week it went down $2-$3 and I could have restocked what I sold and probably gotten another roll or 2 for the same price(not from him obviously). This time feels different.......

ShadyDave · February 1, 2021 2:50PM

@derryb said:
So, did the Reddit Raiders win? lol

All they did was create a little uncertainty that gave us a few temporary dollars. The futures shorts will take them back.

This is a misconception, few people on WSB are actually bullish on silver. By and far, sentiment is still 100% focused on GME at this point. float is still well over 100% for GME and the contracts are expiring and coming to roost...

Many WSB users think this is a distraction by Citadel to get people to dump their GME shares and options for SLV instead so they can buy them back without having the squeeze happen. Citadel is one of the hedgies who infused a few billion of liquidity into Melvin Managment and Citadel also has a large stake in SLV...a win-win for them.

MsMorrisine · February 1, 2021 3:48PM

look at gme today and in ah action, amc too.

jessewvu · February 1, 2021 5:16PM

Story time.

If the United States Mint is sitting on mountains of silver for delivery to bullion dealers, do they set the buy price in advance, at time of order, or at time of delivery? Second question, if physical silver jumps dramatically, do you think the mint will get involved like they did in 2010 with 5oz ATB coins to prevent bullion dealers gouging the prices?

MsMorrisine · February 1, 2021 5:20PM

@jessewvu said:

if physical silver jumps dramatically, do you think the mint will get involved like they did in 2010 with 5oz ATB coins to prevent bullion dealers gouging the prices?

I don't think so.

They didn't in early 2020.

derryb · February 1, 2021 6:32PM

The mint makes 'em and the mint sells 'em. They could care less what spot is, they are always gonna get their premium over. That premium, last I heard, was $2.50 over per ASE. The only change in monster box price Authorized purchasers see is the change in spot price. The mint could care less what APs' resell price is for the product, the market determines the actual paid price. If the mint was in the business to make money (oops they are) I mean profit then their premium to the APs would fluctuate as it does in the retail market.

Mint supplies the bullion as best they can to meet demand. They don't have to worry about over production. It can be melted down are reused. I've read that they get a projection of future needs from the APs to help them keep up. Keep in mind those 30 million 2020 ASEs (60,000 monster boxes) went through the hands of only about a dozen APs. That's an average of about 415 boxes a month per AP.

jessewvu · February 1, 2021 7:13PM

copy that. Any idea why the US Mint stepped in to direct the bullion dealers to set a price for the 2010 ATB 5 oz coins?

derryb · February 1, 2021 9:06PM

@jessewvu said:
copy that. Any idea why the US Mint stepped in to direct the bullion dealers to set a price for the 2010 ATB 5 oz coins?

most likely to support the 5 oz program. When establishing a new bullion series it is imperative to attract and keep new buyers, not drive them away. Once established you've got returning buyers and a program well underway.

Swampboy · February 1, 2021 11:50PM

@OriginalDan said:

@dpoole said:
So who's going to actually buy your tubes and monster boxes of ASEs when all this spikes tomorrow?

I might call APMEX tomorrow just to see what they’re offering…out of curiosity.

I'm bringing some of my rolls to a local shop tomorrow to see what they'd give. They've always been fair but I expect the spread to be pretty wide..

And the fun begins. . .

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SilverSqueeze is trending on twitter.

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