hey all long time lurker, first time poster- and as of today, first time silver stacker! ive been interested in PMs for a while, but havent had the funds to get into it until today. managed to get my hands on a half kg of silver from Australian Bullion Company for $792. good price? my only regret is not getting into it 5 months ago! im not sure weather i paid too much for it or not but im pretty happy just to have my hands on the stuff. Ive got a few questions though- when i bought it, the silver price was at $1355 per KG. half that is $667.50. I didnt get a chance to ask the dealers where the extra $130 came from- admin/brokerage? also, watching the silver price over the last 3 days (since pre-easter), whats happened? its kinda flatlined for a week and then started going down? im guessing the 4 days of no trading had a lot to do with that? realy hoping i didnt buy at the WRONG time! well, hi guys, you'll be seeing a lot more of me round the forums!
Welcome Phyllis, the extra $130 is the premium over spot paid by you. Not that easy finding silver at spot anymore. Just have a look at the trading threads here and you will see that silver rarely goes for spot - unless its predecimal coins.
HI Phillis I'm fairly new here as well. Dont regret that you didn't get in 5 months ago. Just look forward to the ride ahead.
