When silver dropped below $30 last month, I bought ten dollars face value in 90% coins from an online dealer for $225.95 or $31.23 per ounce of pure silver. Silver was at 29.91 when I made the purchase, making my premium $1.32. Yesterday I checked the same online dealer for prices, and now they are charging $228.95 for ten dollars in face value. The spot price when I checked this was $28.84. So now it costs $31.63 per ounce of pure silver and the premium is $2.79.
Anybody else see this happening? I only looked at one online dealer, and maybe they're the only one doing this, but I doubt it.
Anybody else see this happening? I only looked at one online dealer, and maybe they're the only one doing this, but I doubt it.