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Message:: [QUOTE="-jeffB, post: 26411777, member: 27832"]Exactly. Any shop that wanted to speculate on silver going up would've been driven out of business in the early 2010s. In a price environment like this, I'd expect dealers to offer well back of melt, and possibly sell below melt. (Which, I suppose, is repeating [USER=36982]@pmbug[/USER]'s point above.) I mentioned Money Metals earlier, not because I'm especially familiar with them, but because they're one of the few online dealers that's showing anything other than "call us" for buy prices. Right now, they're quoting the price of silver at $41.85/ozt. Their sell price is 30.42x FV, which works out to 1.6% over melt, and their buy price is 27.78x FV, about 7.2% below melt. I have no idea what their inflow and outflow are like at those levels, but presumably they adjust them to try to get the traffic they want while maintaining an adequate profit margin. At shows, dealers have already sunk the cost of their tables, so "adequate profit margin" may be a little lower. If they've got a lot of inventory they bought at lower prices, they may be willing to deal. If they're short on inventory and people are still wanting to buy from them, they may make stronger offers for sellers. If they've got a lot of inventory they bought at these prices and nobody wants to buy, well, stinks to be them.[/QUOTE]