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Re: Silver spot vs premium tracking thread
This used to be a very active thread when premium s were rising. Now that wholesale premiums have been negative for several months and continue to fall, I wanted to see if we can use this thread to discuss the cyclical nature of not just metal prices but also premiums. This cycle of expanding and falling premiums is very… -
Re: Silver spot vs premium tracking thread
While it is a closed end fund, they can issue shares if they buy more silver in advance. Most recently it was about .34 ounces per share so it trades at a slight premium at present. It went to a small discount when silver hit its spot high. When I initially purchased my current holding it was at a very slight discount last… -
Re: Silver spot vs premium tracking thread
@Old_Collector said: “While it is a closed end fund, they can issue shares if they buy more silver in advance. Most recently it was about .34 ounces per share so it trades at a slight premium at present. It went to a small discount when silver hit its spot high. When I initially purchased my current holding it was at a… -
Re: Silver spot vs premium tracking thread
Spot prices will rise as well as premiums for the very reasons I outlined above. Market forces are 99.999999% man made, whether they be supply/demand or false buy/sell signals on a future's exchange (well documented by DOJ prosecutions). I suppose everything thing in this world that you disagree with is a "conspiracy… -
Re: Silver spot vs premium tracking thread
Regarding @derryb's post above, let's try something. (in the most dispassionate way possible). Let's categorize the active PCGS precious metals group participants into one of two categories: A. Generally optimistic about the future of the US, and B. Generally pessimistic about the future of the US If someone is truly… -
Re: Silver spot vs premium tracking thread
Did you read the press release ? Yes, it's quite clear that JPM was cheating bigtime, trying to avoid in-house losses. In tens of thousands of instances, traders on the precious metals desk placed orders to buy and sell precious metals futures contracts with the intent to cancel those orders before execution, including in… -
Re: Silver spot vs premium tracking thread
Further, the lower premium on 100 oz. bars doesn't mean that ASEs are going to lose their premium. Well, they might lose some of it, but I expect that ASE premiums are now pretty much baked in. Without looking, I would assume that 1 oz. silver rounds would fall between ASEs and 100 oz. bars, in terms of premiums. Again,… -
Re: Silver spot vs premium tracking thread
from page 1, after big moves down prices are sticky at the higher level for a while then fall. What I don't know is buyers reaction to that. Myself if I wanted ASE's and they jumped to 38 I would ,wait a week for the premium to decline. That is called price discovery. There is a seller offering ASEs for a lesser premium on… -
Re: Silver spot vs premium tracking thread
I'm not sure what you are saying here. First, "banking interests" don't care about the price of silver. Second, premiums for a short time are normal. Premiums that are double or triple or quadruple historical norms should NOT last for 2-3 years. Third, if those premiums reflect demand then let it filter onto silver itself… -
Re: Silver spot vs premium tracking thread
You apparently should re-read the third post to your own thread. After seven months of tracking premium percentage changes in silver you suddenly find the method odd. LOL Percentage over spot vs. dollars over spot (the spread) paints a much more accurate picture when determining if premiums are rising or falling on an item…
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