Silver prices 12.50 per ounce how come you cant buy at that price

[A2coins]

Dumb question I suppose cause once this is over they will go right back up so why put the price at 12.50 and 1 ounce bars are still the same price online.

 

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[Jason in Enid]

what? I dont understand the question. Are you referencing the bid price, ask price, or sale + premium?

 

[Toecutter]

Well sell me all your silver for 12.50 an oz...??

Hope this helps...

 

[A2coins]

My question is if silver price is going for 12.50 per ounce where can you buy it for 12.50 per ounce usually apmex and mattheys are a few dollars over spot but now that spot price is 12.50 how come sale prices are not a few dollars over spot at say 16 per ounce... like prices on ebay haven changed. Im assuming its only because this drop is temporary. Which would make me assume the silver price is still the same in the eyes of the sellers?

 

[Jason in Enid]

Oh, well look at like this. All the silver in their inventory was bought at a much higher price. Its easier for them to mark the cheap rounds as "sold out" than to sell for a loss. They seem to have plenty of the artsy-fartsy rounds for $25+ per ounce, but of course they have a much higher mark up in those.

If the price stays low for a long time, the inventory at the new price will come back, but for now we dont have a chance of buying at these prices unless you want the risk of buying from a gambling site like fleabay.

 

[EQ8]

Even more strange is how at their "higher than usual" premiums, they can't keep up?
AND, why isn't the spot price going way up if demand is so great?
Methinks they are simply holding it back, waiting for the spot price to go back up.

 

[Clad2Silver]

Like others said......they bought the silver high and don't want to sell at a loss. I was fortunate that I dumped nearly $700 face in 90% silver back in February when the spot price was $18.80 per ounce. I also dumped a load of gold coins at that time. Now I'm waiting with the cash on hand to put that money back into silver and/or gold when the price tumbles further BUT only if the sell price is figured on the new lower price rather than what they're trying to get for it now.

 

[Clad2Silver]

My question is if silver price is going for 12.50 per ounce where can you buy it for 12.50 per ounce usually apmex and mattheys are a few dollars over spot but now that spot price is 12.50 how come sale prices are not a few dollars over spot at say 16 per ounce... like prices on ebay haven changed. Im assuming its only because this drop is temporary. Which would make me assume the silver price is still the same in the eyes of the sellers?

Tommy.....when you're buying from sellers on Ebay you aren't dealing with major silver sellers that price their items according to market conditions.

 

[Trezurehunter]

I was just at the coin shop yesterday to make a purchase. Like Jason in Enid said, the sign was in the display case as "no silver available". Because I am a regular customer though, he did manage to scrounge me up $50.00 face value (500) silver dimes he sold me at 12x face. The going rate is 13x face. I was ok with that, and made the purchase.

 

[fistfulladirt]

Even more strange is how at their "higher than usual" premiums, they can't keep up?
AND, why isn't the spot price going way up if demand is so great?
Methinks they are simply holding it back, waiting for the spot price to go back up.

It’s because of the disconnect between coin/bar silver, and raw industrial silver. One is valued higher than the other. The spot price is also based on paper contracts.