Silver getting crushed today

Well that is only the folks that bought at $17. or $18.00 I do not buy over $16.00 myself lately . And I did put 10 ounce bar in my cart at $15.98 thats a big start for me but I will procrastinate hoping for $15.75 and it will be back to $17.00. Ha Ha

 

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What I meant was that regardless of whether you paid $17 or $18 it is still going to much higher in the future. People who think it is worth $18 yesterday but don't think so today are not thinking logically.

 

Silver has Five weeks to get back to $20.00. Well I'm opening up a table at a coin show for the first time and $20 an oz would be nice! It will cost me $90 dollars for the table. Hope I will turn a profit.

 

Silver back to $20 in five weeks ! That would be a tough ask ! Especilaly when
We are flirting with it going under $16 OZ

 

Totally agree, may be buy like crazy mode for me because silver is low. I was just expressing wishful thinking as I am not usually selling to the public.

 

I do like your optimistic thinking from a buying point of you, there more it drops
the better deal I can make now, not looking to cut loose of anything in the immediate future just, buy,buy,buy...LOL

 

providents tube of ASE is $376.20 which is $18.81 each on spot of $16.08.
wish I had some spare cash.

 

FYI
Legacy coins and capital has 2017 ASE's for $18.99. Free shipping for orders over $49.99. Limit 3.

 

legacy and capital? I'm not familiar with them .. off to google.

 

So no one is going to talk about this afternoon's plunge below $15/oz?

 

Chum was thrown in to net larger fish, but only a toilet seat was hooked.

I think testing the market for an idea of nervousness level, before making a larger decision on a move. An indication that even big players are uncertain IMO.

 

I just looked at a chart and it appears today's low was $15.74.

Regardless, with the North Korean situation, you'd think PMs would be going in the other direction.

 

I won't be buying silver for at least a couple of weeks.

 

Have a look at Kitco. The downward spike was narrow enough that lower-resolution charts won't show it. Bottom was at $14.34; it dropped there from around $16 over the course of five minutes.

How much physical silver do you suppose traded hands at $14.34?

 

There was a spike down to $14.66 at 6:06pm EST. It lasted less than a minute and was on medium volume. Immediately prior it was 16.06 and within a minute was back up to $15.61 and finally settled in around $15.85.

I suspect it was a single trade, maybe entered incorrectly, and someone jump on it and bought a load at that price but it quickly recovered. As usual it did not recover all the way but probably will do so tomorrow (unless there is another slip of the mouse).

 

I think you've got the right idea.

 

I would guess 100 oz. mas o menos.I wouldn't be surprised if they do the same with gold on the Asian market . Assuming it was not a fat finger .

 

So what do you think or what have you done? Buy before the market opens here or wait?

 

I'm calling my dealer as soon as he opens his shop to lock in a price for a tube of ASE's. That will be in about 4 hours from now. He'll give me a better price than Provident or JM Bullion.

 

Still can't find prices that reflect the lower spot price. $360 ($18 per oz.) For a roll of SAEs on EBAY is about the best I've seen. They don't seem eager to lose money I guess. Elsewhere, I've seen some a little cheaper (not much) but that's cash/check price, not credit card/PayPal. If anyone finds a decent price for rolls, please share.