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Re: Physical Silver premium 60% now Edit
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Published: 13 years ago
This is a reply to # 1,258,961

Re: Physical Silver premium 60% now Edit

This is a non-seasonal fluxuation, I've never seen this in 8 years, the low point of demand is always end of July/Aug.
Most of the finished jewelry guys are not dropping their wholesale prices on the new stuff, but they are selling old inventory at reduced rates. We've been stacking raw materials, you make money on that no matter what the market does. But, thanks, good information for me. Casting grain is almost = daily metals quote.
So it's back up in the 20's for silver and up to 1000+ for Au.
I agree with both of your sources, 17.00 seems to be about right for wholesale, it hasn't been this low in two years for any length of time.

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