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<p>[QUOTE=&quot;GDJMSP, post: 960619, member: 112&quot;]Not exactly.</p><p><br /></p><p>Bid - that is what a buyer is offering to pay right at the moment for a given amount of gold or silver</p><p><br /></p><p>Ask - that is what a seller is saying he wants to be paid right at the moment for a given amount of gold or silver.</p><p><br /></p><p>Any market, whether it be for precious metals, stocks, corn, wheat - whatever, has a bid/ask. And the bid/ask will stay exactly same until somebody agrees to pay or accept one of them. </p><p><br /></p><p>The listed bid is always the highest offered at any given moment. There may be 100 other buyers out there who also have bids, but their bids are lower than the one currently listed.</p><p><br /></p><p>And the listed ask is always the lowest at any given moment. There may be a 100 other sellers out there who also have an ask. But their ask is always higher than the one listed at any given moment.</p><p><br /></p><p>And nothing will happen, nothing will be sold until and unless one of the buyers raises his bid to meet that of one of the sellers, or one of the sellers lowers his ask to meet that of one of the buyers.</p><p><br /></p><p>It&#039;s a case of the first one who blinks loses. And that&#039;s all bid/ask is.[/QUOTE]</p><p><br /></p>

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