Silver going $20+ this year .

Discussion in 'Bullion Investing' started by Kevin wu, Jul 8, 2020.

  1. alucard86

    alucard86 Active Member

    No, I took the 1-19 coins price and subtracted it from the current silver spot price Ask Price.
     
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  3. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    That's the premium...come on man...you know better
     
  4. WoodyWW

    WoodyWW Junior Member

    If Apmex is charging $30.10 per coin for 1-19 ASE's--what are they paying for ASE's? And does anyone know the normal spread on them (if there is such a thing) at B&M coin stores?

    Also, are the spreads on ASE's more or less than 90% "junk" silver?
     
  5. Bman33

    Bman33 Well-Known Member

    B+M spreads are all over the place for ASE's. Was +$6.50/over last week. Not sure what the buy back was. Rounds are $2.00 over online and B+M.
     
  6. alucard86

    alucard86 Active Member

    I tried to get back in at 11.90 and the 13s and 15s, but my LCS were still $5+ over spot at $13s per toz. APMEX was $6-7. This was physical ASE, Maple Leafs were $1 less. But I felt that was still too high for premiums. At that low toz price I wanted ASE or ML and not 90%. Which my LCS were out of 90%, and APMEX 90% was still at 13x FV.

    So instead I bought SLV @ 11.21 per share in March on my trading app. I'm still holding since March and now SLV is 19.69 per share. I did add more shares around the 12$ and 13$ marks. Haven't added any more shares since then. All in March. I got myself to 100.00 shares. Might sell soon but maybe wait and see if Silver can get into the $23 mark. SLV will then hit $20 mark.
     
  7. Rick B

    Rick B Well-Known Member

  8. -jeffB

    -jeffB Greshams LEO Supporter

    Less recognized = less trusted = less selling premium

    I'd expect selling premiums in general to drop right here, as dealers try to move all the stuff that's suddenly a lot more profitable before the price corrects. The discount for buying, though, is likely to widen -- until they start to run low on inventory.
     
  9. JD Bartlett

    JD Bartlett New Member

    Yep, that is true> And, as an example: $18 silver in 12-09, adjusted for inflation was $21.49 in 06-20.
     
  10. Kevin wu

    Kevin wu Well-Known Member

    Today silver went up crazy ! Went up $2 dollars + . Screenshot_20200721-185728_Finance.jpg
     
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  11. Tuco

    Tuco Active Member

    Looks like silver might hit $23 by Wednesday morning!

    7.50pm.JPG
     
  12. Santinidollar

    Santinidollar Supporter! Supporter

    Silver Comex for September is up a buck and a half tonight beyond $23.
     
  13. thomas mozzillo

    thomas mozzillo Supporter! Supporter

    Last edited: Jul 22, 2020
  14. slackaction1

    slackaction1 Supporter! Supporter

    If you been collecting or stacking the last few years you should be in good shape to make a little profit pretty dang easy.... I have read where some say "Supply and Demand" its one of those times now. I am not going to get rich on this. I am just going to get my monies back plus a little profit and play with house money on next CC purchase. I have a chance to sell some and make some doe but I wont because I am to dam greedy to sell waiting on the price to continue. squeeze the trigger Holt
     
    Last edited: Jul 22, 2020
  15. Doc J

    Doc J Mr. Brightside

    Pre-market:

    Silver Futures $22.935 +$1.378 +6.39%

    I think $25+ is doable.
     
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  16. Doc J

    Doc J Mr. Brightside

    Melt silver closed at $23.34 with gold closing at $1870.

    That ratio is 80:1 which is the same as 2-14-2018. I know the average since (year) 1792 is 15:1, but I think the modern average is ~50:1.

    Silver could go up to $37 or gold will go down. PM is rallying due to the weak dollar and zero interest rates. I am keeping my melt silver as I see it going higher than some of my lower rated Morgan coins. JMO.

    It is fun when my hobby stuff moves up like this.
     
  17. Kevin wu

    Kevin wu Well-Known Member

    It gonna be weak dollars in next few years , gold will be $2000 + by end this year , silver will go up more then gold like it all way did , PM might dip at some point if stock market crash , but at end PM will be much higher then 2008 . Buck your set belt Let ride to the Moon.
     
  18. Doc J

    Doc J Mr. Brightside

    I've been in silver a long time. I bought most back in 1998-2006 at an average price of $5.

    In 2011, I sold a lot at around $45. It has been half that since then so I restocked.

    I bought gold at $1250 two years ago. The prices vary with a dozen other market indicators. It's complicated.
     
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  19. Kevin wu

    Kevin wu Well-Known Member

    Smart buying , good for you!
     
  20. Tuco

    Tuco Active Member

    Well done [​IMG] Selling at the right time might be the toughest part of the equation.
     
  21. Kevin wu

    Kevin wu Well-Known Member

    Oh boy we gonna see $ 30 + silver this year , I don't know how many people still waiting for the big dip , but I am going buying more now. Screenshot_20200727-064110_CNBC.jpg
     
    Jeffjay and slackaction1 like this.
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