I am not a silver stacker at all, stopped stacking around 2015. 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.
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.
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
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.
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.
Yes, I remember prices like that but unfortunately prices like that may be gone good! Time will tell!
Bullish BARRRON'S piece on silver: https://www.barrons.com/articles/silver-prices-bargain-51632996001