Spot at $13 but with premium Im paying $20 still

you sell to a buyer who pays spot (ie. all of them).
you are now fugged

its shtf guys, those paper prices don't mean anything
you should be thinking in lbs of rice per oz

I did unload about half my stack when the price was around $17. I could tell that silver was not going anywhere Bought in around 12-15 so not a total loss but would have been way better off putting that into stocks or just about anything else.

Silver has no upside potential, there's too much supply like you said, it has no value as a monetary metal the way gold does, and as we're seeing now isn't even a good safe haven asset in a crisis or hedge against inflation.

not sure if I should just sell the rest of my stack now and get out before it goes even lower, or hold out for the panic selling to end and wait for a bump before cashing out. Either way, I'm done with silver.

NO METAL CHAD'S.

SCHIFF WHERE ARE YOU!

>paper is $13 and falling rightfully
>can only buy physical for $22
Wasn't this always the idea with buying physical? Paper trades getting btfo was always expected, right? why are you people so butthurt and stupid? The physical is not only keeping its value, but it's literally increasing in price and being sold out as the ETF prices fall.

thats why you buy digital retard

Weak hands are being shaken out. Premiums are high but the upside is massive enough to overtake it in no time.

>buying for $22
>selling for $12

its almost as if spot is meaningless

Eh some large minting facilities where i live pretty much pay the actual price if you mail coins et cetera to them

Also what the other user ITT said about the moneylenders supressing prices artifically is correct

Never forget JFK was murdered because he wanted to introduce a silver-backed non-ponzy dollar

>selling for $12
Literally who? lmao. You? You poor fucking idiot

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Have fun selling it for $10

I dont get it. Silver is under $13/oz yet you cannot buy it at or around that price. What gives?

TLDR;
Price = ~$13/oz
Buy = $17+

You’re getting ripped off. I only pay $8 usd for Spotify

Because the paper price is fake

False advertisement?

>paper price is fake
exactly true. however good luck waiting around for markets to become "rational" again when you're starving to death.

this is precisely why i rail against shtf "preppers" with their stupid ideas. physical ONLY works if you are willing to wait 10 yrs and sell during periods of prosperity.
trying to use in shtf results in instant rape.
now you understand.

Silver crashed in 08-09 and hit $50 in 2012.
Idiots selling today will still be idiots when it peaks next year or two.

Silver stackers are willing to wait 25 years my friend. We already have ammo and food.

Don't buy silver as an investment lel.

RETARDED BOOMERS BTFO
I told you "muh shiny silver rocks" were not going to be valuable during a collapse LOL

Why are all of the precious metal retailers having delays in their orders and are out of stock?

Everything is OUT OF STOCK. To me that is a longterm signal to buy.

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what else do you buy silver for if not as an investment?

To preserve wealth

Probably because metal dealers do not want to sell below what they paid.

if its dropping as fast as it currently is, then they would want to get rid off any inventory they could.

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paid $17.50 at my local shop they said vendor wouldnt even sell to them so they were running low on inventory. paper silver price could be $5 but if you cant get physical then premiums will be way higher

If supply is limited, sellers determine the price. Which means the selling price is what counts.

I CAN'T BUY SILVER
HAHAHAHA ALL THE DEALERS IN THE UK ARE OUT OF STOCK WHAT THE FUCK
eBay 1oz Britannias go for x2/x3 the spot, is that it? This is how the Paper Ponzi dies?

>all the brainlets spitting on silver because fake paper silver is crashing while physical is basically out of stock worldwide
lmao at you, SilverChads are the ones who will benefit from the biggest transfert of wealth in the history of mankind.

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Why does silver gets so much attention here? I know Yas Forums is always contrarian, but isn't gold itself contrarian enough? What advantages does silver has over gold in terms of investment?

nothing

lol no these sellers make profit from selling premiums over spot price. They are not investing in metals like their customers. Their way of thinking is different.

I don't get it either. Maybe it's just a bit too soon?
I expected the spread to closely follow the spot, but it doesn't. Located in Estonia

It seems to me people either buy to 1) hold forever or 2) make a semi-decent return in hopes of Silver mooning, and it only needs to moon once for people to profit off their massive stacks. It is NOT an "investment" in the usual sense though

You are mad because you buy a little higher? There will be at time that you couldn't afford not a coin with all your to green money

Apmex just cancelled my 40 silver eagle order.

APMEX just 404'd. Their servers are either down or the company pulled the plug willingly

WHY THE FUCK HAS SILVER PLUMMETED - I DON'T GET IT BROS

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Dont struggle to find logic in the current system, youll find none

>physical silver is the same as paper silver
just buy the ETF if you are that dumb

Pink wojaks are starting to remind me of Salad Fingers.

The ratio is 116:1

Paper silver is being cashed out. Money is leaving silver's market cap but physical supply is depleting. Just hold on, think logically, and buckle up.

Market Price is based on trading silver that's only on paper, it doesn't exist. A week ago people started liquidating everything, but many decided to buy gold and silver from the dealers. Now the dealers are out of stock and the only silver you can buy costs x3 the market price.

Think for fucks sake, what does it mean? The price was fucking manipulated for years, it was kept low on purpose to benefit the manufacturing companies who need silver. But now it's not just about the manufacture, it's about wealth preservation, and there is less physical silver than there is on paper. Prices will explode if that scheme collapses, and I mean like x47 on silver price explode.

Lol whats the point with such a premium?
>$22 for one coin, about half in premium
>try to sell it back, get $8

Ironic. How's that a store of value when you buy it for $20 but can only sell it back to the companies for $8. That's a 50% loss. You'd need full on USA collapse for it to even be worth it but it'd be simplier to just trade the USD for another currency with less losd.

I tried to sell my coins at $18 but no one wanted them before the panic

Dealers bought their silver at a much steeper price so they are compensating for such a huge price shift. When silver moons they will charge much less on the premium. This is all temporary.

> you had 47,000 years

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Investment is only 18% of silver demand. Industries buy it to make electronics, etc.

If silver is out of stock and the dollar has been inflated why isn't the price of silver mooning now?

Because market price is based on the silver traded, and they trade silver on paper. This silver doesn't exist, it's a scheme to keep the price low, and now it's about to collapse because of the brutal reality check.

so let me get this straight paber PMs are selling off while physical PMs are running out of stock and that makes the premiums diverge like crazy?
if the prices unironically decouple hold on to your anuses this is it bois this is it we are unironically officially in the happening

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I doubled the paper silver from 10% of my portfolio to 20%.

The other 80% is 10% tech short fngd, 10% bitcoin GBTC, and 60% cash.