Where have all the kilo silver bars gone?

Still a couple listed in MyBullion, but yes, it looks like all the dealers are out of kilo bars and understandably so. This week is going to be very interesting.
 
Anortimaus said:
Still a couple listed in MyBullion, but yes, it looks like all the dealers are out of kilo bars and understandably so. This week is going to be very interesting.
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So the mint decides they are not selling at the current price, likewise the mines ? Not rocket science is it. I,m sure not selling, who would.
 
I've been out of the loop for a few years and the spread currently seems huge on 1kgs and higher, is this a recent thing due to huge price movements and dealers cashing in on that or has the spread from buy/sell just increased slowly over the last 5 years?
 
No 1kg silver bars is an ominous supply sign, I can only assume that the local dealers have been swarmed with people trying to get into silver now that the media has gotten onto the mania bandwagon.
 
If the PRC ban on refined silver exports is correct and said ban remains on foot deep into 2026, given the PRC refines 65% odd of global silver ore / concentrate then Sovereign Mints & corporate mints will have to look for other supply options to meet local demand. The fight over the current remaining 35% non PRC supply will be intense given increased industrial demand.

Local refiners (PM and ABC) are going to have to bid higher for local / overseas silver concentrate assuming the PRC will still want to control the refined market for their own benefit. Local / non PRC miners unless directed by Govt will I suspect continue to sell to highest bidder so I expect the silver price to keep tracking upwards. There's every chance that non PRC mines will keep selling to the PRC due to $ offered. The PRC will not export bullion but use it for their IT / Energy / Auto export products.

If we see a decline in available silver for purchase outside of the PRC, then buyers may look to gold or platinum.
 
monopolize said:
Perhaps they can't hedge what they sell on the weekend and they don't know what price silver is going to open at on Monday so leave a big margin for safety.
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Good point, do you mean that the dealers are putting a huge premium on everything on their site during the weekend and public holidays rather than removing things from sale in case spot jumps on market re-opening?
 
ABC just put another AUD100.00 onto the 1kg price.

Tomorrow when Sydney then Asia opens promises to be be lets call it "Interesting".


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Shaddam IV said:
Good point, do you mean that the dealers are putting a huge premium on everything on their site during the weekend and public holidays rather than removing things from sale in case spot jumps on market re-opening?
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Yeah, just speculation on my part though. As noted above bullion now hasn't adjusted their premiums.
 
^^^^^^
Maybe...BN tend to have more competitive margins re spot to retail price. The BN margin over spot for 1oz Ag Roo feels about right. The larger Sydney based bullion company which everyone flocks to (better PR) maybe seeing opportunity to maximise margins in what could be an irrational few days post the 4 day retail close in Aust....If this see this company on the news tomorrow / Tuesday night with a line out front, they have done their job well.
 
The last time i bought kg bars i was pissed it had topped over the $1k mark. Not sure whether to laugh or cry as doubt ill be adding any more bars to the stack which hurts the soul but after years of holding there is a real sense of vindication cracking the $100 oz and dealers pushing these insane prices really is a good sign.
 
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