Silver price spread

[Antalon]

Silver is sitting around AUD $131/oz, yet the lowest‑priced round on Bullion Now, traditionally the Perth Mint Kangaroo is now roughly $30 above spot. This is the first time I’ve seen the premium stretch this far. It raises the question: is the gap between spot and physical no longer just a theoretical spread, and will we see silver trade closer to spot again?

Ant

 

[dragafem]

Just give it time.Premium will fall back again and everything will be normal.Same thing happened during 2020 period.

 

[spannermonkey]

Just give it time.Premium will fall back again and everything will be normal.Same thing happened during 2020 period.

You & me wish so.
Not this time .
Mines closing in South America & no new mines coming .
Refiners margins are not going to come down any time soon .

 

[dragafem]

You & me wish so.
Not this time .
Mines closing in South America & no new mines coming .
Refiners margins are not going to come down any time soon .

If that so I just wait for the weak hands to show up

 

[trew]

Silver is sitting around AUD $131/oz, yet the lowest‑priced round on Bullion Now, traditionally the Perth Mint Kangaroo is now roughly $30 above spot.

What surprises me more is that the same markup per oz is applied for larger coins too. I mean the difference between buy and sell for a kilo coin is now $800!

This can only be possible if buyers are willing to pay this much over spot - so the buying demand must be there I guess.
I would expect when the price trend eventually turns down, people will lose interest and all the bullion dealers now making bank will be competing with each other for business again.

 

[dccpa]

If you want to know the real price, try to sell some silver.