This is the highest spot price

Discussion in 'Silver' started by fishtaco, Jul 6, 2016.

  1. fishtaco

    fishtaco Active Member Silver Stacker

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    I have seen since I started stacking!

    I have of course paid more per oz on premium. Not sure how great it is with silver going up as it takes the fun out of buying.

    Not sure I could actually buy at these prices given most of my silver was purchased sub au $23 spot!

    Is this where secondary premiums have to lower so as to sell for those needing to sell?
     
  2. Reeve

    Reeve Member

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    I wish this was the highest I had seen, only half way to what I have seen :(
     
  3. Killface

    Killface Well-Known Member Silver Stacker

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    Premiums? What premiums? Sellers here are lucky to get spot at the moment..

    Either adjusting to the new normal or pricing in a pullback. I'll tell you which one in a few weeks ;)
     
  4. silversearcher

    silversearcher Active Member Silver Stacker

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    Many have seen much higher prices. Just think all the other ounces in your stack that have gone up in value. At some point many will stop if prices are too high. But $26-$27 AU is not too high. It will all depend on premiums and price gouging. If the premiums get too over the top where it takes forever to recover premium losses, then move to low premium Gold. Silver can shove it and take a back seat.
     
  5. mmissinglink

    mmissinglink Active Member

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    It's odd that in some places premiums are high. The U.S. Mint, according to an article I read recently, has undersold Eagles as of late. In other words, there's a surplus of ASE's at the US Mint.

    Seems to be no shortage of silver or silver coins available anywhere.




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