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Why are you buying silver for 5 bucks over spot?
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<p>[QUOTE="ToughCOINS, post: 4366281, member: 20480"]It's not $5 over spot . . . I saw 1 ounce .999 Silvertowne rounds for $18.34 each only moments ago on JM Bullion, and they're not exactly the lowest sellers in that market. Better hurry though . . . I'm sure those won't last long.</p><p><br /></p><p>As for answering your question, with physical demand obviously far outstripping supply, and mines closed worldwide, silver will not drop substantially anytime soon. If people really want silver that badly, it's probably not wise to wait to buy at least some of what you want to have, although I'd personally save some cash to cost average later, if it does present a lower buying opportunity.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 4366281, member: 20480"]It's not $5 over spot . . . I saw 1 ounce .999 Silvertowne rounds for $18.34 each only moments ago on JM Bullion, and they're not exactly the lowest sellers in that market. Better hurry though . . . I'm sure those won't last long. As for answering your question, with physical demand obviously far outstripping supply, and mines closed worldwide, silver will not drop substantially anytime soon. If people really want silver that badly, it's probably not wise to wait to buy at least some of what you want to have, although I'd personally save some cash to cost average later, if it does present a lower buying opportunity.[/QUOTE]
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