Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices in

Tracking Physical Silver Prices

IMG Auteur
From the Archives : Originally published November 23rd, 2012
554 words - Reading time : 1 - 2 minutes
( 5 votes, 4.2/5 )
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
Our Newsletter...





We have repeatedly over the years bleeted about why the silver guru 'smarties' have no info sources within the silver refineries.

From our own personal experiences when the refining inventories are bursting, the retail CASH price for silver will fall. With the COMEX manipulation causing unreliable (misleading) physical silver pricing, shouldn't we be looking at the real supply? What better method than to track refinery inventories. Here's a snippet of ours from a 2007 article :

One more important area that none of the silver newsletters reports on is the crucially vital refining inventories & capacities of the leading silver refiners. Some of you will remember when, I think it was 1998, that the refiners were jammed-up & backlogged with inventory for weeks on end. Knowing this & realizing its significance would have been a clear-cut indicator that silver was due for a fall. I knew this was occurring before the fall because a coin dealer told me by way of his grapevine. One hundred ounce bars were even discounted below the spot price! I don't get paid enough to assemble this reporting feature, but anyone wanting to can get a start at this refining site. Where do silver refiners stand now? What are their silver inventories? Is their silver refining capacity growing or stagnant? What are their lead times from receipt to delivery? What are they paying for 90% coin melt? Sterling?

One large coin dealer this weekend is selling 90% $1,000 face bags (715 silver ozs.) for $9,220 which is equivalent to about $12.90 per silver ounce based on the closing silver spot Friday of $13.16 - that's a very respectable premium discount of -1.98% ! Halves by the bag have all but disappeared at these low prices. Silver dollars went before them, and quarters will be next. If the past is any guide whereby shrinking premiums are an indication of silver availability then silver's price is high enough now to attract coins for melt. Recall that in Feb/March 1980 (all time high peak) the premium dropped to a minus 14-18% range. There is no assurance that the discount will again achieve those discounts we saw in 1980. From what I witnessed in sterling heirlooms going into the pot, there may not be much sterling out there either.

I have two pages up on my web site on this frantic period: Coin World Article on the Big Silver Rush of 1980 , Page 2

The here being that coin dealer, eBay quotes, or from whomever are colloquial, and not always a reliable predictor of scarcity. Whereas the refinery inventories tell you how much is being brought into their warehouse needing refining. We would also expect a smoothed-out tracking history would foretell how hard the miners are being pressed or cutting back. The LBMA has published a lengthy list. Or, this list of 120, mostly U.S. Just selecting several of the larger representative refiners should be adequate to reveal an accurate snapshot of real physical demand coming down the pike. As 70%+ of silver is derived from mining copper, maybe that's a clue as to an ebbing or rising supply. Maybe just a comparison of a refiner's buying price matched with the silver's paper price on the COMEX could tell us a lot more info than what's permitted to come our way, no?



<< Previous article
Rate : Average note :4.2 (5 votes)
>> Next article
All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, send an e-mail to the author with 'SUBSCRIBE' in the subject line.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Slouching Towards Election Day
26 OctThe Recusant1
In a few days we will be standing in those little booths to make a choice between bad and worse. Thank you, Donald for bringing the message to the ...
Slouching Towards Election Day
25 Octaccording-1
jimmy i know its hard to sell copy but try not to insult us without amuseing us. "They don’t recognize the basic energy equation that has...
Slouching Towards Election Day
25 Octkevthorne-1
WWIII will be a war as totally different from WWII, as WWII was from WWI - 'the Great War'. There will be no hiding place from the nuclear fallout...
Gold Market in Crisis, Risks Col...
25 Octrjs2248
Let the TRUE market value of precious metals come with the "Light of Day."
Trump’s Best Debate Performance ...
23 Octkevthorne0
A vote for that woman is a vote for WWIII. Mr Trump is a builder, not a warmonger - do you want a future on earth for you and yours - or Armageddo...
Silver Bull Market in Force
22 OctS W.
Interesting tech analysis here. Good stuff as I have never looked at 'full bars' closing above or below a 20 bar MA. Only ever the close p...
The Fascist Threat
22 Octsam_site
Your idea that extreme right and left fascism meet is brought out in the Spanish Civil War. The globalists created right wing fascism in Germ...
Trump’s Best Debate Performance ...
21 OctThe Recusant-1
Yes, this WAS his best debate performance! But for all the reasons you mentioned, he failed to deliver. And that's why he will be defeated next mon...
Most commented articlesFavoritesMore...
World PM Newsflow