I read an article last week that stated this price set up is BS, and that silver is actually around $130 an ounce if you really want a piece of silver in your hand.
This $80-$85/oz spot pricing is for paper silver and makes the financial people feel good, but it doesn’t play out on the street.
It’s the price I can pay to buy an ounce at my local dealer (plus a $3.00 commission).
The sell price is the bid price with no commission.
Buy local, I purchase an ounce or two each month, though a $100.00 bill does not go as far at the silver store as it used to...
There’s a number of you-tubes out there pointing out that Chy-naw has imposed silver export restrictions from their mining output, silver inventory and silver refining output.
For industrial purposes, the rest of the world is going to be short of actual silver to keep all plants running in a month or so.
Then there is apparently financial shenanigans on shorting Paper Silver over at UBS in Switzerland that have to be unwound soon..
This is a search I just did on EBAY.
I have bought from Pinehurst Coins out of NC in the past.
If you scroll down through the first twenty they are currently selling US 1 oz .9999 Silver coins for between $95-102/oz.
Bullion Coins are typically slightly cheaper.
Proof coins are typically slightly more.
Only buy coins from dealers located in the USA.
Companies like Pinehurst have been around for a long time.