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<p>[QUOTE=&quot;Cloudsweeper99, post: 1033062, member: 3011&quot;]My recollection was that dealers paid significantly less.&nbsp; At the time, people were lining up to sell granny&#039;s tea set and everything they could find made from silver.&nbsp; Fewer people were buying.&nbsp; The smelters were getting more than they could handle, so the retail price lagged the futures price, which is the $50 usually quoted.</p><p><br /></p><p>Fast forward to today.&nbsp; Fewer people are lining up to sell silver than to buy it.&nbsp; Why?&nbsp; Because just about all of the scrap silver that could be melted below $25 was already melted in 1980 and no longer exists.&nbsp; To me, this signals that the current price is reflecting a genuine shortage of physical silver in the market.&nbsp; Investor demand plus industrial demand for physical silver exceeds mine supply.&nbsp; Sure there are speculators pushing the price around, but most of that is activity in the futures market with no actual silver trading hands.</p><p><br /></p><p>Until you see people lining up with silver to melt, and fewer takers, it&#039;s a bull market.&nbsp; The coin dealer price lag is just the normal discount for 90% silver when prices are rising.&nbsp; I doubt it is because dealers have more silver than they can sell.[/QUOTE]</p><p><br /></p>

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