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<p>[QUOTE="medoraman, post: 1277401, member: 26302"]I understand your sentiment sir, but were you buying silver when it went down to $10? Lots of people saying the exact same thing. Some dealers simply did not want to sell at that price, there was no shortage of silver, just a shortage of dealers willing to sell at that price. Big difference in terms of reading the market.</p><p><br /></p><p>The problem with the prices diverging from the paper market is that market does allow for physical delivery if you announce it. If a dealer has enough money to buy the quantity, he can go to the CME last I heard and buy contracts to take physical delivery. As long as that is still possible, I do not see why they would diverge. Maybe at the retail level they can, but then again you should expect to pay more for small quantities. </p><p><br /></p><p>All I am advocating is to wait and see, and please do not assume yet there is a vast shortage of silver. There very well is probably a shortage of silver available at these price levels, but that is because everyone remembers how it was $12 more just a month ago, and don't want to sell "at a loss" right now. Its normal and always happens. If a year from now there still is not silver available at reasonable premiums, then something weird is going on.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1277401, member: 26302"]I understand your sentiment sir, but were you buying silver when it went down to $10? Lots of people saying the exact same thing. Some dealers simply did not want to sell at that price, there was no shortage of silver, just a shortage of dealers willing to sell at that price. Big difference in terms of reading the market. The problem with the prices diverging from the paper market is that market does allow for physical delivery if you announce it. If a dealer has enough money to buy the quantity, he can go to the CME last I heard and buy contracts to take physical delivery. As long as that is still possible, I do not see why they would diverge. Maybe at the retail level they can, but then again you should expect to pay more for small quantities. All I am advocating is to wait and see, and please do not assume yet there is a vast shortage of silver. There very well is probably a shortage of silver available at these price levels, but that is because everyone remembers how it was $12 more just a month ago, and don't want to sell "at a loss" right now. Its normal and always happens. If a year from now there still is not silver available at reasonable premiums, then something weird is going on.[/QUOTE]
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