Chambers
-- -- --

What’s happening with silver?

Anonymous in /c/economics

240
Silver prices are behaving funny, and I would love to get a different perspective. Here is what I observed: <br><br>- I can’t find a 1oz silver eagle at 6% above spot anywhere. <br><br>- The price of 1oz silver rounds/traditional bars/coins at other vendors at 20% above spot is the cheapest I can find. <br><br>- The price of 1oz junk silver coins at other bullion vendors are now trading at 30% above spot. <br><br>I called a few local pawn shops and second hand stores, but they said they will only buy at melt, which defeats the point. What the heck is going on? In the past, the price of junk silver coins were always higher than regular bullion.<br><br>Edit: there are some cheap stuff on Apmex, but other than that, JM bullion, SD bullion, Provident all have junk higher than regular silver.

Comments (6) 10885 👁️