Is anyone actually paying these crazy premiums on 1oz coins atm?.

[bretto]

If you want the product.
Pay the price.
Hoping for a pullback in the current conditions reminds me of hoping for 50 dollar an oz Silver for the last ten years :}

 

[alor]

View attachment 41908

when you are not sure of what to buy, get the koalas first, before they all disappeared and got sold out
some items like covid round/bar are premium, there is no other way to get them on the cheap
others like PM 1oz rectangular bars seems be be on sale recently from our local dealer at lower price as compared to the going rate on eBay.com.au
always compare online

 

[Silver Soul]

If people want to have a sook about high premiums they first need to have a look at what's happening with longterm charts & understand why the premiums are there! "Demand" & If we can get the $24.40 USD resistance monkey off our back that I have been harping on about in other posts here then POS will impress

POS is outside the cloud with Tenken & Kijun crossing Senkou B at the end of last month, this being a very positive sign for a next move up I'm happy to see the POS bounce around in this area for a much-needed rest from its stellar price rise for awhile. And for those that want to be bottom feeders & betting on a big dump in Silver then $17.50 USD has very good support.

 

[Holdfast]

Perhaps if the price drops, where are you going to buy metal?
It's difficult to get as it is.

 

[whay]

Forget about the premium ......
FOMO. Buy them NOW before silver is officially renamed as unobtainum.

 

[JohnnyBravo300]

If spot does drop I sure wouldnt count on physical to drop with it
The days of cheap silver are long gone now.
Choochoo!

 

[JohnnyBravo300]

Unobtanium for silver, unaffordium for gold.

I sure am glad now that I built my position early and I bet others are too.
Now I'm just buying when I want to.

 

[alor]

if you just look at gold price higher than ever
the same should be pushed for silver price higher than ever
they tend to dance together

 

[shinymetal]

I brought 10 is bars for the same price 5oz bars are now. I'm quite happy about that.

 

[JohnnyBravo300]

can i ask how you are basing silver to go back to $26 an ounce (my question has more to do with direction rather than the price itself)? Is it from a fundamental or technical perspective?
Because if it’s fundamentals, the fundamentals are saying that central banks all over the world are printing money like there’s no tomorrow and as a result should naturally show up in prices, first gold then silver most likely.

Also, prices for silver pre-COVID did not price in COVID so you have to understand that this is the market pricing this in.
And COVID is not the only problem, there is the bigger problem of what will happen to the economy after all this and the aftermath of the US elections and what the next President will do, both are determined to print more money as far as I’m aware.
once COVID is over, do you expect conditions to go back to pre-COVID levels that warranted that price, and even back then there was a lot of talk about how undervalued silver was.

From a technical perspective, there’s the gold price and the silver price and the gold/silver ratio (I won’t get too much into it here as it would take too much space), where for example the 20 day EMA for the silver chart is currently above $26Aud, which acts as good support (if that breaks that’s another story though). From the technical side, there’s also the possibility that price drops will be scooped up.
Also, the gold price in US dollars is looking close to $2000 an ounce and would most likely break it sooner or later (this can be said to be a technical play to break the 2k psychological barrier), if this happens, can I ask why silver would go down and not go up? Or at least move sideways?

We might get a pullback, we might not get one. But would the pullbacks be enough to change the direction of the metals? If I flip the question to you and say that silver went up instead of going down due to the fundamental and technical points I made, then was that $43 dollar silver coin cheap or expensive?

There is also the nice factor that even if silver went down to $26 and below, there is no guarantee that anyone would sell it at that price either, or whether there would be sufficient supply and whether you would be able to get your hands on it (at least silver is being sold at $43 at the dealers, if it goes down to your $26 price target, would there be any silver available at the amount you want? What scenario do you prefer?). Dealers/individuals might ask for a higher premium to make up for the price fall so for you to buy at $26, silver would have to sufficiently go below that price if you factor in premiums.

There are several factors in play and while I’m not saying it can’t happen, I would like to ask how and in what scenario you think silver will go down long term given the points I made above.

Fishduck says it all right here. Explained and easy to understand.