Anywhere to buy some silver today?

[CHCRandy]

Any of you guys know where a guy can buy silver today?

 

[DoggyDaddy]

Saw this in the First World Problems thread:

 

[patience0830]

Any of you guys know where a guy can buy silver today?

How much and at what price?

 

[2ndamendlover1]

Any of you guys know where a guy can buy silver today?

You can buy stock in silver on webull .. slvr

 

[CHCRandy]

How much and at what price?

25 pounds for around 400 per pound....

 

[smokingman]

32.5 an ounce for Canadian maples...in stock as of 1/31/2020 1:17pm est. I just put in an order and checked out.

Robot or human?

www.walmart.com

 

[2ndamendlover1]

32.5 an ounce for Canadian maples...in stock as of 1/31/2020 1:17pm est. I just put in an order and checked out.

Robot or human?

www.walmart.com

How long does it take for shipping ordering from them.? And am I seeing that correctly its sold on Walmart. Com ?

 

[smokingman]

How long does it take for shipping ordering from them.? And am I seeing that correctly its sold on Walmart. Com ?

7 day shipping.

 

[CHCRandy]

They just let me order these but limit of 2...https://sdbullion.com/100-oz-engelhard-silver-bar

 

[Haven]

In person I usually buy from the guy up at 116th & Allisonville. Otherwise online I buy from JMBullion, SDBullion, or APMex.

I buy a mix of rounds, coins and collector pieces.

This week I got in a 1 oz collector Peanuts Valentines day round, and a 1 oz 2021 Wolverine coin.

 

[snorko]

They just let me order these but limit of 2...https://sdbullion.com/100-oz-engelhard-silver-bar

They now have the following posted: Update: Due to unprecedented silver demand, SD Bullion is unable to accept any additional orders until the market opens Sunday evening.

 

[DCR]

What's with the physical possession? Are you trying to front run the market?
What's wrong with just buying SLV ?

 

[CHCRandy]

What's with the physical possession? Are you trying to front run the market?
What's wrong with just buying SLV ?

I just want in early......and today. SLV will be fine if you can buy at 6pm today, but by 4 am tomorrow and 7 am tomorrow, I wouldnt be surprised to see silver up 20% or more. It may end up a flop......but it may run 500%. Who knows....

 

[d.kaufman]

I usually buy online from Provident Metals or SD bullion

 

[DCR]

OK, thx Randy. I have collected Silver Eagle Proofs for 30+ years. Nice that they might get a bump, but they're collectables, not bullion.
Have you guys considered there is a not insubstantial fee to sell physical silver? My guess is you'd be selling at spot less 10. Of course, if it goes to 500, who cares?

 

[Spear Dane]

Saw this in the First World Problems thread:

View attachment 123454

It opens at 6pm, not 8.
If I wanted to buy today (but really why do you not already have some on hand? Major fail) I would look at a pawn shop.

 

[DoggyDaddy]

Do people "short" silver just like they do stocks? Guessing they do?

 

[BigRed]

Any of you guys know where a guy can buy silver today?

Silver seems to be have been in short supply over the past few months. Now it looks like many places are out.

What's going on with silver?

 

[CHCRandy]

Do people "short" silver just like they do stocks? Guessing they do?

From what I understand is yes, they do. And that is why there is a rush on buying all you can today. I guess it has something to do with physical silver, London and if silver futures pop at 6pm today, London has to have more physical silver....which in turn runs up silver because of supply and demand. That is really layman terms and from me, which I really know nothing about.

I am just thinking about it like a stock...which I do kind of understand. When people borrow shares to sell them they are shorting something they never even own, they are using the poor long investors shares to drive his own shares he owns lower. But when the longs start buying and the price rises, then the short must replace them shares he has been borrowing. Therefore he may have to buy shares that were $5 for $50. And it is really hard to cover when a company has short 150% of its total float. Silver may do that same thing from what I understand.

Like I say though, I know nothing about trading gold, silver, futures or where the value of silver or gold comes from or how it is backed. Way over my head....this is pure speculative gambling for me, but if I lose I still have the silver if I buy physical silver. You can't do that playing roulette or blackjack.

 

[snorko]

OK, thx Randy. I have collected Silver Eagle Proofs for 30+ years. Nice that they might get a bump, but they're collectables, not bullion.
Have you guys considered there is a not insubstantial fee to sell physical silver? My guess is you'd be selling at spot less 10. Of course, if it goes to 500, who

A lot of silver such as Eagles, Maple Leafs and certain mint bars command a premium above spot on the secondary market as well.