When do you think SILVER will go above $50 per once ?

I dropped in on eBay BIN listings this afternoon for the first time in ages. Saw at least one listing for a Peace dollar at $29.95 + $4.50 S&H. That adds up to just a little less than current melt. Needless to say, it sold quickly (I wasn't the buyer).

Same seller has a set of 20 Peace dollars for $677, plus the same shipping and handling. Again, slightly below Friday evening's closing melt price. That lot's still available, an hour or two after it was listed.

I'm not especially looking to buy more at these prices. I'm also not looking to sell at these prices minus 15%, or whatever the eBay vig is these days.

 

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That darn s/h + sales tax for most is a drag. Brick and mortar dealers are paying 20% behind ‘spot’ for 90% silver. More sellers than buyers is the way several dealers described it. Smelters are swamped right now, thank you John Q Public. All short term situations
But the rest of the world doesn’t have the amount of silver scrap as the US, a rich nation. And if the overall worldwide silver deficit goes another couple years, hang on tight. $100 silver

 

Well, the current run-up on silver is totally negating the numismatic value of silver coins of all denoms.

Unless a specific coin has extra added attractions like an attribute, great condition rarity or a key date, melt values will trump every time short term. A Mercury dime worth $2.42 FMV was eclipsed by melt value of $3.19 just 4 days ago.

What is going to be extremely interesting is at $50 or $100 values, how long will it take for numismatic value to increase and stabilize to fair market values once the melt levels reach these future high levels…Spark

 

At the moment, they see re up again on the overseas exchanges.

 

UPDATE: Silver just hit $47/oz….
I posted this on the Bullion Investing Forum…………Spark