I check Yahoo Finance and Kitco for spot price on silver. Right now Yahoo is $17.89 and Kitco is $17.82. Is there a better site to check?
I buy from Redwood Gold Group, based out of California. They beat the price of their competitors every time. I love their service!
The Bullion Sites are usually a little higher than what actual spot price is. I was just wondering why the difference between Yahoo Finance and Kitco Silver chart.
You asked where to find the price of silver, and so far two out of three replies are telling you where to buy silver. I use http://www.coinflation.com/, which usefully reports silver spot price, gold spot price, and the "melt value" of various silver and gold coins. I also occasionally use http://silverprice.org, which has useful historical charts and not-always-so-useful commentary.
For a quick check of the price of silver/gold I go to Apmex, and because of @JeffB's post yesterday also coinflation.com (which I found very helpful, thanks Jeff). Steve
First, the markets operate on a real time price that is continuously changing. Some quote live price, others are delayed - usually by 15-20min - sometimes by more or less. Find out what you are looking at and why it's different. Then you can judge where the real market is. Also, find out where they are pulling their market from. Are they basing it on the London fix, or US pricing from some other source? Second, there is "bid" and "ask" prices. Some quote both, most quote "ask" since it is in their best interest to be at the higher end of the spectrum when selling. The spread on silver bullion is usually 10 cents - give or take. That will grow as the value per OZT grows. I think bid/ask is $5 or more on gold now. Third - there is the premium over spot. Question for your prospective seller - premium over bid or ask. Usually it's over ask. Last - you may burn a lot of time researching cents. Now if you're buying thousands of OZT - it matters. And I'm NEVER one to say "it's just a few cents, who cares" but consider your time and the value of it. So, in short - take all this into account, research your various sites and make your own decision about the real market. Cheers!
Kitco for sure. You get all the precious metal pricing within minutes. Even my brokerage uses it for buy and sell options.
Coinflation and comparesilverprices.com. they have a little spread that shows what apmex, provident etc are selling things for.
If you want the unvarnished silver price in pretty close to real time, use the Bloomberg mobile app. Of course you will also get every other market on the planet, but I find it a great one-stop investment quotation shop. The app is free.
I like Kitco because I can see where it's going on the chart. It seems to have dipped and is now coming back up today.