Silver Supporter
Bronze Supporter
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- #21
That is pretty typical these days. The premium for physical silver runs $5-$10 over spot (depending on type of coin or bar, etc.). I think the spot price is only relevant for futures contracts. If you find a place selling physical silver at spot, please let me know.
you won't find anyplace selling at spot price {they need to make a living}. I bought 4 10 oz. bars at ajpm today, the guy wasn't real friendly [he was busy] but he did answer my main question which was where do I sell if the price goes up/way up, he said right here. there is a board on the wall where he gets his buy and sell prices and it updates about every minute. his price was right at $4 over spot for me to buy and his price for him to buy is right at a buck over spot. so far I am down $2 on 40 ozs. you can look at ajpm.com and see the spot price and the buy and sell prices. pretty handy.