1/6/26 11:00 am... Silver is at $80/oz but who's buying?

[finderzzs]

I sent in some silver & gold to ARA last week and they are sending my silver back stating they are not currently processing any silver scrap. What the heck? Who's buying that you know of?

 

[Mackaydon]

No offer ?? That seems strange in a rising market.
Don in SoCal

 

[qtrs-xcite-me]

Last week I took some silver in and sold it to a local buyer. However, they had signs posted that they had no silver to sell. The explanation was that their supplier would buy back the silver they ordered for a profit before they shipped out the order.

 

[UnderMiner]

5:20pm Silver up past $81

 

[opalboy]

My buyer in Denver stopped buying anything but .999 for awhile, I think he’s buying now, slightly less in price, the refiners were backed up, it will clear out eventually.

 

[pepperj]

It seems that some are still buying up here, and some are only wanting gold.

As I write this the sterling calculator is @ $3.25 a gram
http://markets3.gatewestcoin.com/bullionBuy.html
On .925 they're paying between $2.59-2.71 a gram(Depending on quantity)

I've dealt with this refinery years ago, though I'm looking at others as the spread for silver is getting too high. .925 they're @ $2.44 a gram

Refining

Express Gold Refining combines advanced technology with expertise to deliver honest, reliable, and quick precious metals refining. With simple charges, fast turnaround, and continuous innovation, we put our clients first in every transaction.

www.xau.ca

 

[ARC]

I sent in some silver & gold to ARA last week and they are sending my silver back stating they are not currently processing any silver scrap. What the heck? Who's buying that you know of?

You must be speaking about alloyed silver.
For...
Everyone is buying silver... there are millions of buyers gobbling it up.

But... some refiners are not taking alloyed (below 999) though because of the alloyed silver refining backlogs.
I am sure if you posted you could have it gone in less than a half an hour.
Not to mention walking into any local shops.

 

[ARC]

It seems that some are still buying up here, and some are only wanting gold.

As I write this the sterling calculator is @ $3.25 a gram
http://markets3.gatewestcoin.com/bullionBuy.html
On .925 they're paying between $2.59-2.71 a gram(Depending on quantity)

I've dealt with this refinery years ago, though I'm looking at others as the spread for silver is getting too high. .925 they're @ $2.44 a gram

Refining

Express Gold Refining combines advanced technology with expertise to deliver honest, reliable, and quick precious metals refining. With simple charges, fast turnaround, and continuous innovation, we put our clients first in every transaction.

www.xau.ca

Pep... i am surprised you don't have some local buyer that pays decent as to support your local.
Not so much about every cent when it comes to supporting local.
Quicker anyway.

 

[pepperj]

Pep... i am surprised you don't have some local buyer that pays decent as to support your local.
Not so much about every cent when it comes to supporting local.
Quicker anyway.

I could make a living buying local, and selling elsewhere.
I pay more than the local buyers, so that ends support the local.

 

[Mackaydon]

Gold $4,547.30 + 50.40
Silver $81.62 + 1.97
Imagine gold at $5,000 and silver at $100.
Would you buy or sell?
Don in SoCal

 

[UnderMiner]

Gold $4,547.30 + 50.40
Silver $81.62 + 1.97
Imagine gold at $5,000 and silver at $100.
Would you buy or sell?
Don in SoCal

Adjusted for inflation silver can still double in price and just about touch its all time peak 46 years ago. I'd hold out for $140-$160 silver, and this is assuming we don't see a speculative melt up even higher than that.

 

[Mackaydon]

Update:
Gold $4,590.40 + 96.50
Silver $83.95 + 4.25
Don in SoCal

 

[Mackaydon]

Update:
Gold $4,610.10 + 118.20
Silver $85.59 + 6.10
Don in SoCal

 

[Terry Soloman]

Local Estate Sale dealers are still buying, paying roughly 70-75%.

 

[finderzzs]

You must be speaking about alloyed silver.
For...
Everyone is buying silver... there are millions of buyers gobbling it up.

But... some refiners are not taking alloyed (below 999) though because of the alloyed silver refining backlogs.
I am sure if you posted you could have it gone in less than a half an hour.
Not to mention walking into any local shops.

I work hard to accumulate my silver, therefore I'm not giving it away to any gold/silver buyer. ARA Gold pays 90% of spot when they are taking it in. So I guess I'll hold it as it keeps going up.

 

[finderzzs]

Local Estate Sale dealers are still buying, paying roughly 70-75%.

Hi Terry how are you? I'll pass and wait for them to open up again. It isn't eating much. LOL

 

[ARC]

I work hard to accumulate my silver, therefore I'm not giving it away to any gold/silver buyer. ARA Gold pays 90% of spot when they are taking it in. So I guess I'll hold it as it keeps going up.

Holding is correct...
One day... you might be able to get 98% on 925.

 

[opalboy]

Silver went over 91 last night, I wish I could say it makes me sleep well at night, but it’s too fun to watch!

 

[pepperj]

Just one of the buyers/sellers in Canada

Gatewest Coin Ltd. - Current Buy Prices for Scrap Gold & Silver Bullion

They're paying $80.39 CAD face on pre 1964

92.5% Sterling Silver Jewellery, Silverware, Cutlery, Junk, etc.

​

2.99 / gram

3.12 / gram

USA 1oz Silver Eagle Coins

123.13

​

 

[finderzzs]

You must be speaking about alloyed silver.
For...
Everyone is buying silver... there are millions of buyers gobbling it up.

But... some refiners are not taking alloyed (below 999) though because of the alloyed silver refining backlogs.
I am sure if you posted you could have it gone in less than a half an hour.
Not to mention walking into any local shops.

Now why would I want to just Give my silver away to a local buyer?