Silver Dropping Like A STONE!

Discussion in 'Bullion Investing' started by fretboard, Sep 29, 2021.

  1. manny9655

    manny9655 Well-Known Member

    It was around $12 in March of 2020 for a short time
     
    OldSilverDollar likes this.
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. fretboard

    fretboard Defender of Old Coinage!

    I am not a silver stacker at all, stopped stacking around 2015. :D Bottom line is, I don't buy to stack when premiums are high and I hardly ever buy silver online as I already have some. I probably won't buy until the spot price of silver hits $15 or $16 and that's only if the premiums are low as well, like I said, I already have some.
     
    OldSilverDollar and slackaction1 like this.
  4. losthomer

    losthomer Active Member

    I backed up the truck but drove away empty when the price was that low.
     
  5. medoraman

    medoraman Supporter! Supporter

    True, nothing for sale at that prices, premiums went through the roof.

    I wonder if there is an "ASE Index" or similar, listing the price of a common silver item that shows total prices charged from major dealers, spot and premium. That is our real market.
     
    crazyd, -jeffB and slackaction1 like this.
  6. Kentucky

    Kentucky Supporter! Supporter

    Someone on Craigslist was wanting to sell "silver coins" so I responded and he sent some unfocused pictures of US coins. I checked on-line and 90% silver is melting for 16.3X face and dollars for $17.40 Called two coin shops and one said they wer paying 16X face and $20, the other said 16.5X face and $24
     
    JPD3 and OldSilverDollar like this.
  7. losthomer

    losthomer Active Member

    Did you buy the coins? What were they?
     
    Kentucky likes this.
  8. Kentucky

    Kentucky Supporter! Supporter

    REALLY bad pictures, but mostly Peace dollars, Morgans, Walkers and a few Standing Liberty's stood out. Since I'm not trying to complete any sets, I didn't offer him anything. I did say that when I went to my coin shop, he was welcome to come with me.
     
    JPD3 likes this.
  9. losthomer

    losthomer Active Member

    Thanks. Craigslist is always interesting.
     
    Kentucky likes this.
  10. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    If silver goes back into the teens I'm getting more silver! No point in sitting if it keeps dropping.

    By now I figured it'd be hitting 30-32 range.
     
  11. crazyd

    crazyd Well-Known Member

    Spot is 22.77 today.

    Would be happy to buy some ASE's at $26-27 but that's not happening.
     
    slackaction1 likes this.
  12. fretboard

    fretboard Defender of Old Coinage!

    Yes, I remember prices like that but unfortunately prices like that may be gone good! Time will tell! hi.gif
     
  13. jb10000lakes

    jb10000lakes Well-Known Member

    $24.82 as of now (Friday morning 10:00 am CST)...
     
  14. Numiser

    Numiser Well-Known Member

    It's just silver. Don't listen to the talking heads on Kitco and the like.
     
  15. Revi

    Revi Mildly numismatic

    It held over $24 for the weekend, so maybe we are on a little upswing. Maybe...
     
  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

  17. FryDaddyJr

    FryDaddyJr Junior Member

    I'd be more interested in seeing premiums go down
     
    crazyd, GoldFinger1969 and manny9655 like this.
  18. Sting 60

    Sting 60 Well-Known Member

    Yes, then I can buy more!
     
Draft saved Draft deleted

Share This Page