How long does it take for online dealers to adjust price?

Discussion in 'Silver' started by haploid23, Nov 25, 2013.

  1. haploid23

    haploid23 New Member

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    Silver price recently declined. Should I wait for online dealers to adjust all the prices before I buy, or should I just buy now? I'm not looking into collectable coins that have premiums, just the lowest priced ones.
     
  2. Andy28

    Andy28 Well-Known Member

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    the prices are in real time in regards to spot. Items may come and go on special in regards to premium. Short answer, buy now if you are happy with the current spot price.
     
  3. DanielM

    DanielM Active Member Silver Stacker

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    No it depends on the dealer, not everyone does it the same
     
  4. Andy28

    Andy28 Well-Known Member

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    well some don't trade outside of business hours right, so you can't buy at that time anyway. Whatever happens, it wont be the case that if spot shoots up drmatically that you can actually buy metal at the old price, so might as well buy now.
     
  5. DanielM

    DanielM Active Member Silver Stacker

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    What about goldstackers? After Hours if spot goes up prices go up but if spot goes down prices dont, meanwhile you can buy 24hr a day
     
  6. goldpelican

    goldpelican Administrator Staff Member

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    Only after 10pm - slightly later than "after hours".
     
  7. haploid23

    haploid23 New Member

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    Thanks for replies so far. I was asking for more of a general trend for the reputable online stores: do they adjust their prices daily, or is it weeks or months to follow spot?

    I don't mind waiting a few days for price adjustments, but if it takes more than a few weeks, then I'd rather just buy now. For silver, any price corrections may not be much, but since I'm buying a relatively large amount in one order, this price difference will get amplified.
     
  8. goldpelican

    goldpelican Administrator Staff Member

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    The vast majority of stores have some form of real-time or near real-time pricing, updating numerous times an hour.
     

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