Silver Price Watch
- Thread starter STKR
- Start date
Sweet hand-pours, jewellery close to spot - specifically bracelets and necklaces. Collector coins and rounds that tell a story and serve as a momento of the times. Silver shield products are good but I only buy certain types.And what would that be you want?
There was heaps of deals here when silver was $30,$40 and so on but no one cared.Now you guys are happy to buy at $85...
I was buying then too
. I think I even got some from you.
Hard to pass on that. Cool that your dealer messages you with bargains. My dealer only messages me to borrow money or move some product
I think these could have been his own personal stack.
I've just noticed that ABC have increased their premiums on all the remaining available products. 1oz Britannias are no longer listed. Maples are $14 over spot and a kangaroo will set you back a whopping $19 over spot!
The premium today is almost the same as what spot price was 7 years ago. How times have changed.
The premium today is almost the same as what spot price was 7 years ago. How times have changed.
Checking BullionNow's website and all the low premium silver bars are gone. They still have a huge selection of 1oz coins but nothing remotely close to spot.
We are entering a new era of silver unavailability. Gold doesn't seem to be in short supply at all.
If you factor in today's premiums for both gold and silver, the GSR is <70:1.
We are entering a new era of silver unavailability. Gold doesn't seem to be in short supply at all.
If you factor in today's premiums for both gold and silver, the GSR is <70:1.
If we continue the way we're going, we'll reach a point where it doesn't matter what the spot price is. The paper market will become irrelevant. Premiums today are revealing this to us and I think it's just the beginning. This level of demand may be unprecedented but it's not even close to what it could be. This is the new normal.
Within the last 30 minutes, all of ABC's bars have come back online and are BUY NOW. They've increased their premiums though and the 5 + 10 Oz bars are more than $13 over spot. Looks like they've been working overtime to pump out more product to capitalise on current demand.
The Great Silver Shortage: Why Prices Are Poised to Break Out Again
In early October, silver benchmark prices in London began rising. Demand from India coincided with a dwindling supply of physically available bars, and the behaviors of a new squeeze began. Some traders started booking slots on transatlantic flights to fly silver bars from America to the U.K...
investorplace.com
So not only did all ABC bars come back online but they've also added another 1kg Eureka bar to the mix. I tell you what though, prior to 2020 ABC wasn't really known for their price gauging. Their $2-4 inconsistency over actual spot price and the recent hikes in premiums have completely killed any loyalty I once had with them. But it's very interesting to see them list all their bars on pre-order only to make them available a few days later. I wonder if they've commission someone to produce more product for them. It makes sense they would.
View: https://www.tradingview.com/symbols/XAGAUD/?timeframe=5D
We're still shining bright at 53 USD. The Aussie dollar just made some gains recently.
Edit: how cool that you can post a link of TradingView and it will embed the interactive live chart.
Nice chart
When Silver hits $100 USD it will send shockwaves around the World
It will happen ! The Structural Deficit that is built into the Future will guarantee that Triple Digit SILVER will happen.
Industrial demand has a floor under Silver that will just keep rising. Silver is manufactured into their products. THEY HAVE TOO HAVE THE SILVER !
Just the timing
Nice chart
When Silver hits $100 USD it will send shockwaves around the World
It will happen ! The Structural Deficit that is built into the Future will guarantee that Triple Digit SILVER will happen.
Industrial demand has a floor under Silver that will just keep rising. Silver is manufactured into their products. THEY HAVE TOO HAVE THE SILVER !
Just the timing
I was thinking we'd be a few years away from that happening but lately I've started to think it could happen in the next 12 months.
Also, how cool is the interactive chart still exists in your quoted reply
Unfortunate that there are weeks away. Last two years grace time had passed us by.I was thinking we'd be a few years away from that happening but lately I've started to think it could happen in the next 12 months.
Also, how cool is the interactive chart still exists in your quoted reply
