Next step silver - over $20.00

Palladium $442.00 an oz !
that what I paid for a 100oz bar in 1979

 

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Hey jello, where were you earlier in the year when it was still over $500/oz.!

CURRENTLY:

GOLD: $1,196.20
Silver: $17.93

Platinum: $1520
Palladium: $445​

 

CURRENTLY:

GOLD: $1,199.30
Silver: $18.05

Platinum: $1529
Palladium: $445​

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CURRENTLY:

GOLD: $1,202.20
Silver: $18.07

Platinum: $1530
Palladium: $445​

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CURRENTLY: In EU/UK markets...

GOLD: $1,202.10
Silver: $18.08

Platinum: $1533
Palladium: $449​

US market opening in about 10 minutes...
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CURRENTLY: After the US market open...

GOLD: $1,204.20
Silver: $18.08

Platinum: $1529
Palladium: $452​

 

Silver is stuck in a trading range between $9-$20 and has been since 2006 and between $12-$20 for most of that time. The traders are making a mint off the volatility within that range, but will take a beating when it breaks out.

 

CURRENTLY:

GOLD: $1,190.10
Silver: $17.79
Platinum: $1515
Palladium: $443

 

CURRENTLY:

GOLD: $1,199.40
Silver: $17.99
Platinum: $1525
Palladium: $449

 

The way this is going it could be months before she breaks out the pom-poms....

 

Rah-rah!

 

I forgot I had that bar of Palladium! funny what u find when your moving

 

CURRENTLY: In the US market after opening...

GOLD: $1,203.50
Silver: $18.01
Platinum: $1529
Palladium: $457

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CURRENTLY: Close of US market for 7/9/10

GOLD: $1,212.40
Silver: $18.17
Platinum: $1535
Palladium: $463

 

Getting ready to unload some silver bars. I looked at them today and they are kinda yellow'ish tint...is this suppose to happen? If so that's pretty ugly!!!

 

Toning is typically an issue with silver unless you store it in an Air-Tite, etc. I store all my ASEs in Intercept Shield holders for that reason, and they are all still bright and shiny. If you do not like them now, they are not going to get any better so I would sell if you are not happy. Silver is silver whether it is ugly from toning or not. TC

 

Thanks for the info. So even my ASE's are going to look bad in those little white tubes with the green lid and cotton right? I definitely don't have anything air tight... I'll have to look up that Intercept Shield holders you speak of.

As long as the price doesn't change due to the tarnish I'd feel a little better. I think I want to offload them though, no wonder people get gold eh? It doesn't tarnish like this...or does it?

 

I have never held silver bars except for a couple my father-in-law bought when silver was going up in the 80s and passed along to my son, so my question is:

Shellac and wax is bad for collector coins because its presence produces an altered surface and reduced value, but for an art bar or bullion, I have assumed that such wouldn't affect it's value, but would certainly produce long lasting protection from toning, which coin collectors love, but many bullion collectors hate. Is this type of coating frowned upon by the bullion group? I was thinning down shellac for a furniture touchup, and I am always surprised by the thin layer that can be used. Likelike, I am sure a good wax layer could do the same thing.

Jim

 

Although I can't answer your question, I'm looking at my bars again and they are gross! And I bought these bars about 6 months ago so it didn't take that long. They were SO clean, sparkly and shiny when they came in.


It's almost like when the warranty runs out and then your TV breaks!

 

Yea but what about my MS70 10z silver bars I have. I paid $400 each for the MS70 grading...wtf?