Dealer Report - MetroWest Boston Area

[chris_is_here]

There's now way I was not going to buy, after last weak's carnage......was able to get silver bullion at $35 an ounce, will buy more if we drop again tomorrow......I was hoping for one last throw down and we got it. Amazing how high silver still is on eBay, people there paying $40+ with spot at $31, nuts to that.

Anyone getting silver below $35 at local dealers?

[andial]

I was offered 1 ounce Silver bars for 34 bucks each but declined the deal. Maybe that is a good sign for tonight. I didn't buy, so the price might go up.

[Silver Art]

There's now way I was not going to buy, after last weak's carnage......was able to get silver bullion at $35 an ounce, will buy more if we drop again tomorrow......I was hoping for one last throw down and we got it. Amazing how high silver still is on eBay, people there paying $40+ with spot at $31, nuts to that.Anyone getting silver below $35 at local dealers?

My local dealers did not have any silver art bars and my main dealer did not have any .999 silver at all. The main dealer in my area that I go to mentioned that they not have any silver arrive at their store until Wed. (Sept. 28) at the earliest. Another local dealer in my area usually pulls the bullion inventory off their shelves when silver takes a dive. Since there were no silver art bars in my local area, I ended up driving to a coin show in Alabama to find some silver art bars that I was interested in. I paid $34.00 for the first bar that I saw and paid $34.50 on the second silver art bar that I bought at that show.

[Silver Art]

I was offered 1 ounce Silver bars for 34 bucks each but declined the deal. Maybe that is a good sign for tonight. I didn't buy, so the price might go up.

That would have been a good price IMO considering that spot silver dropped $8.50 in two days.

[ccjoe]

Hannes is down 100K ozs inventory from 550K to 450K this weekend so a LOT of people think silver will go up?

[clarkth]

What dealer in MetroWest?

[Gcubed]

Hannes is down 100K ozs inventory from 550K to 450K this weekend so a LOT of people think silver will go up?

People buying at 45, 46, 47... thought it was going up too. :s13:

[chris_is_here]

People buying at 45, 46, 47... thought it was going up too. :s13:

No one can tell, all you can do is buy in increments on the way down. Silver is already down another 0,30c in the overseas markets, so my guess is that forced liquidation from margin calls may continue for another day or two and take it below $30. I'm not thrilled with my SLV position right now, but I am getting a nice opportunity to average down on the physical. My next buy will be at $27, if it falls that far.

When the dust clears, I may use whatever frn's remain in my trading account to buy out-of-the-money calls on SLV to try to leverage the inevitable bounce.

Silver loses 1/3 of it's value in a week. Crazy times.

[andial]

Silver is about to go positive. I am sure that it is my non-buy today driving the prices up.:ThankYou: