Is Silver next?

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  • DoggyDaddy

    Grandmaster
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    73   0   1
    Aug 18, 2011
    102,024
    77
    Southside Indy
    Where do you guys watch your spot price? I've been using Kitco but it's only showing 26.79 and seems to be consistently lower than what I've seen others post.
     

    snorko

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    361   0   0
    Apr 3, 2008
    8,292
    113
    Evansville, IN
    Where do you guys watch your spot price? I've been using Kitco but it's only showing 26.79 and seems to be consistently lower than what I've seen others post.
    Commodity prices often have both bid & ask prices reported. Bid prices are what buyers are offering, ask prices are what sellers are willing to take. the above kitco chart appears to show the bid price. Most of the retailers, being sellers, show ask prices.

    Here is a kittco chart with both bid and ask shown above the graph: https://www.kitco.com/charts/livesilver.html
     

    DoggyDaddy

    Grandmaster
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    73   0   1
    Aug 18, 2011
    102,024
    77
    Southside Indy
    Commodity prices often have both bid & ask prices reported. Bid prices are what buyers are offering, ask prices are what sellers are willing to take. the above kitco chart appears to show the bid price. Most of the retailers, being sellers, show ask prices.

    Here is a kittco chart with both bid and ask shown above the graph: https://www.kitco.com/charts/livesilver.html
    Thanks snorko! I've always seen the Bid and Ask prices on Kitco, but didn't really know the difference. So when people refer to "spot", is it the Bid or the Ask number?
     

    NKBJ

    at the ark
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    4   0   0
    Apr 21, 2010
    6,240
    149
    Looks to me like China is going to go with the Robert Heinlein-esque electronic currency denominated in gram gold (totally completely manipulated). If that happens everyone else will have to counter (pun intended) with something to provide a similar appearance of value. Interesting times.
     

    spencer rifle

    Grandmaster
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    66   0   0
    Apr 15, 2011
    6,544
    149
    Scrounging brass
    Still not convinced that there isn't some connection between JMBullion and Provident. They both have 100 Corona in stock as of today. Not so unusual. But they also have 20 Corona in stock, and no one else has those, and haven't for quite a while.
     

    DoggyDaddy

    Grandmaster
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    73   0   1
    Aug 18, 2011
    102,024
    77
    Southside Indy
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    iu
     
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