$29.91

[mlayers]

Well silver is at $29.91 right now so how low will it go. Just thinking on when to buy.......Matt

[Gilmore Happy]

Buy as much as you can below $35.00
Moderate amount below $40

Im a buyer all day below $45.00 and a seller at $90-$100 (5 years or less)

Im the only one who openly called this a week ago. Called 29.84 in fact before stabalizing.

[Generic_Lad]

Good luck finding places that will sell it for you cheaply. Most places have raised premiums because they believe that this is just a small dip in prices and the long term results are that it will increase. Remember, most of this is just paper silver being sold, physical supplies of silver remain fairly scarce.

[BuffaloBoy]

lowest so far today: $29.60 and looks to drop. good thing for out hobby, no advertising for people to buy silver since it is dropping. That means you have a better chance of getting grandma's stash.

[Gilmore Happy]

Good luck finding places that will sell it for you cheaply. Most places have raised premiums because they believe that this is just a small dip in prices and the long term results are that it will increase. Remember, most of this is just paper silver being sold, physical supplies of silver remain fairly scarce.

Well said. I think its all paper that caused it due to the margin hike. Those who purchase physical typically hold it and rarely sell, bc its just so damn sexy to hold in your hands no matter what the market is doing.

[fistfulladirt]

Dealer was sold out of 90% Monday, but I was able to get 10 ase's for $35 ea. His supply on those was limited.

[clovis97]

My local shop said he didn't have any silver to sell last Friday.

He did dig up 8 Mercs for me though, but I didn't get them bought at spot. I had to pay more than spot.

FWIW, he was more than a little mad Friday. He said that the phone had been ringing off the hook all day long with people wanting to buy at spot. He said one guy was really bad on the phone, demanding to buy $1,000 worth of .999 bars at spot or below.

[MIhunter]

I would stay away from buy silver at spot. Keep on buying at face (89cents-3.38 depending on war nickels, 90% or 40%), that what CRHing is all about. If this drop in price make you itchy to buy, then buy gold 1609/ oz!!! Since you cant CRH for gold.

[jim4silver]

Good luck finding places that will sell it for you cheaply. Most places have raised premiums because they believe that this is just a small dip in prices and the long term results are that it will increase. Remember, most of this is just paper silver being sold, physical supplies of silver remain fairly scarce.

Well said. I think its all paper that caused it due to the margin hike.

I thought that too at first, but not so much now. Platinum is getting hit like gold and silver, but they did not touch the margins on platinum.

It probably didn't help matters that they raised the margins in that it keeps out smaller traders, but I believe there is more going on. Just my opinion.

Jim

[mts]

Good luck finding places that will sell it for you cheaply. Most places have raised premiums because they believe that this is just a small dip in prices and the long term results are that it will increase. Remember, most of this is just paper silver being sold, physical supplies of silver remain fairly scarce.

Well said. I think its all paper that caused it due to the margin hike.

I thought that too at first, but not so much now. Platinum is getting hit like gold and silver, but they did not touch the margins on platinum.

It probably didn't help matters that they raised the margins in that it keeps out smaller traders, but I believe there is more going on. Just my opinion.

Jim

Agreed. Copper and Platinum took big hits too. This isn't margins/manipulations since pretty much all industrial metals across the board took a big hit. Gold has recovered a little but silver hasn't. This is about something else. Europe, the slowdown in China, or people racing back to dollars. I don't know. But it is highly possible that it will continue. I'm guessing $20 silver by the end of the year. I hope I'm right... but then again, I hope I'm wrong too.

[Marchas45]

Good luck finding places that will sell it for you cheaply. Most places have raised premiums because they believe that this is just a small dip in prices and the long term results are that it will increase. Remember, most of this is just paper silver being sold, physical supplies of silver remain fairly scarce.

Well said. I think its all paper that caused it due to the margin hike.

I thought that too at first, but not so much now. Platinum is getting hit like gold and silver, but they did not touch the margins on platinum.

It probably didn't help matters that they raised the margins in that it keeps out smaller traders, but I believe there is more going on. Just my opinion.

Jim

Agreed. Copper and Platinum took big hits too. This isn't margins/manipulations since pretty much all industrial metals across the board took a big hit. Gold has recovered a little but silver hasn't. This is about something else. Europe, the slowdown in China, or people racing back to dollars. I don't know. But it is highly possible that it will continue. I'm guessing $20 silver by the end of the year. I hope I'm right... but then again, I hope I'm wrong too.

I hope your wrong also.

[dogpound]

Good luck finding places that will sell it for you cheaply. Most places have raised premiums because they believe that this is just a small dip in prices and the long term results are that it will increase. Remember, most of this is just paper silver being sold, physical supplies of silver remain fairly scarce.

tell me about it... i stopped at 2 places today, first guy wanted 40 an oz. ( i guess he didn't get the memo that it was at 31 bucks), second guy wanted 35 an oz and only had 5 rounds left so i bought them