isn't "spot" a paper price? If your "live metal" price is supposedly some other price than "spot" then it is actually breaking lower than spot right now because I'm seeing paper spot prices quoted at $21.4x.
No. It’s the physical silver price. In summary. Silver's spot price is the amount that an investor pays to purchase a single ounce of the metal for immediate delivery. Investors are normally charged an additional premium on top of this price for any purchase they make. The value of silver is priced per ounce.
maybe it's the things I look at... I don't understand the inner workings of the system. I still trade and secure profit or minimize loss. it adds a few dollars here and there. but my basic understanding of what is normal, slightly changed today. I don't know what it means.
the paper is normally what I look at then head to the shiney stuff on pay day. the price has always been fairly close. dealers have increased their cut for profit I think a year or 2 ago...
so... um... this may just be me not remembering right, but... we may have a problem here.
isn't "spot" a paper price? If your "live metal" price is supposedly some other price than "spot" then it is actually breaking lower than spot right now because I'm seeing paper spot prices quoted at $21.4x.
No. It’s the physical silver price. In summary. Silver's spot price is the amount that an investor pays to purchase a single ounce of the metal for immediate delivery. Investors are normally charged an additional premium on top of this price for any purchase they make. The value of silver is priced per ounce.
maybe it's the things I look at... I don't understand the inner workings of the system. I still trade and secure profit or minimize loss. it adds a few dollars here and there. but my basic understanding of what is normal, slightly changed today. I don't know what it means.
I thought this too. Spot,paper vs physical. :D
the paper is normally what I look at then head to the shiney stuff on pay day. the price has always been fairly close. dealers have increased their cut for profit I think a year or 2 ago...
so... um... this may just be me not remembering right, but... we may have a problem here.
If you want to keep an eye on things try this: didthesystemcollapse.org. there you have the spot + premium graphs .....
The moment physical silver leaves the bounds of the paper market ... you' ll see premiums go skyward.