90% at 100.00
fleaseyelash
Posts: 12 ✭
Is it possible to tell how much the average dealer would pay per dollar for 90% when silver hits $100.00 again.
0
fleaseyelash
Posts: 12 ✭
Comments
No - too many variables. My local dealer is capped at $250 face a week to the refiner and is then having to wait 4 weeks to be paid. He is paying 70% of melt. If silver hits $100 and more 90% begins to flood into shops again - expect those numbers to drop
Yes. On average: 60-65times fv.
``https://ebay.us/m/KxolR5
That's probably not far off. 60-65 X JUNK is indicative of 84-91 SPOT.
COPPER is gutter !
Pretty sure gutter won't be hitting $100 again,. That ship has long sailed. 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?
You heard it here. Pretty sure. RGDS.
I stopped by the LCS I've used for over 20 years on January 29th when silver was trading near 120/oz. He was paying 95/oz on rounds and 50x face on 90%, and selling the 90% at 70x face
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I get that LCS buyers were cutting back their buy offers as rates went up, but that is a pretty crummy buy at 50x face.
When it was a fair amount lower, my LCS paid me at 60x face.
Yes of course there is
.6615 x spot is low end buy price
.7715 x spot is typical high end buy price.
Imagine if someone said 5 years ago that 90% would trade a discount of 25-35% below spot. The uproar would have been ear shattering and the laughing emoji's rolling around like a bag of spilled marbles.
Knowledge is the enemy of fear
It's going to change again. You know that. Right? I mean saying something like this about ANY moment caught in time means absolutely nothing. Are you trying to spike a football? LOL
COPPER is gutter !
The sheep certainly don't learn. 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?
You have been wrong about absolutely everything. I can't fathom on why you still post here. LOLZzz
All while telling unverifiable stories visiting phantom unnamed shops.
TAKE THE POTTERY CLASS hahahah
COPPER is gutter !
See, now I was thinking $100 before we see $40.
Guess it just depends on what channel you are on.
By ANY moment, did you mean anyday in the past 25 years?
What do you mean by "change"? What will change?
Talking about football in a precious metals forum? That is precious. LOLZ.
Knowledge is the enemy of fear
Sure, that's easy! All else being equal the new price would reflect a lower discount, perhaps significantly. Of course direction is controlled by complex forces some of which have yet to occur. Of course the time, nature and magnitude of some processes can have oversized effects on how things transpire. Conversely all things being equal there could be larger discounts in the event prices decline.
I'm guessing that when silver moves there will be no sellers, only buyers.
By definition, for every buyer there must be a seller, even if only naked selling.
Based on my interpretation of Elliott Wave, I don't see $100 coming back any time soon, just continued lower highs. Though if silver does spike up on a retracement, I don't expect it to hold.
football and fertilizer. Whooo Hooo
COPPER is gutter !
No. You're talking about papers markets. No paper can sell without a buyer and seller. In the real world buyers climb a wall of worry and sellers get adventurous. Not every deal is sealed because they can't agree on a price. When prices are running higher most people are physical buyers who would buy if the price is right instead of selling. But those buying are afraid of the higher prices and lag real time.
This is what i call all buyers and no sellers. Metal is trading only because there is no choice. Everyone would rather buy than sell. Price is set at the extremes.
Copilot (above as prompt)-
_No. You’re talking about paper markets. Paper can’t move without a buyer and
a seller because the system is defined that way. That’s not how the real
world works.
In the physical market buyers climb a wall of worry and sellers get
adventurous. Not every deal is sealed because the two sides can’t agree on a
price. When prices are running higher, most people are physical buyers who
would buy if the price is right instead of selling. But the buyers are
afraid of the higher prices and they lag real time.
This is what I mean by “all buyers and no sellers.”
Metal is trading only because there is no choice. Everyone would rather buy
than sell. The only metal that moves is the metal that must move.
Price is set at the extremes, not in the middle.
It’s set by the people who have no choice — the ones who must buy or must
sell. That’s the real market. Paper markets are just abstractions layered on
top of it.
You can use Elliott Wave if you want, but waves don’t move metal. People do.
And when the physical market tightens, the behavior changes long before the
charts do._
I buy and sell offline. I just type here.
``https://ebay.us/m/KxolR5
Today it’s .900 at $79.61, up $4 on the day.
``https://ebay.us/m/KxolR5