As of this morning, the spot price of silver remains below $15/oz. Demand remains high, and there is some question as to the supply. Dealer premiums also remain much higher than in the past. In fact, much of the bullion offered today actually costs more to the investor, than it did when spot was at $16/oz. and above. Ampex is asking $5.99/oz. over spot on its junk 90% silver coins, and JMB is sold out.
If you are following my recommendations in the book, “A Poor Man’s Guide to Building Wealth with Precious Metals,” and are purchasing smaller amounts of silver consistently, this may be a great time to consider purchasing coins and bullion that historically have a higher collectability factor. The difference between the premiums of bullion and collectable bullion coins is much smaller than normal, and the investor may be able to purchase items that have a much greater potential for increase in value, for just a few dollars more.
For the best prices, at this time, be sure and check out jmbullion.com and providentmetals.com. Overall, ebay is not producing many bargains at the moment. Review your investment strategy, research which items most appeal to you, and stay within your budget. Remember that markets are unstable, and driven by emotion. The price of silver can rise and fall on a whim, but you are building wealth over time. Take the long view. I believe the price of spot will have to rise in the near term, but if the stock markets continue to rise, and world events do not scare off investors, silver should remain in the lower range of $14-$16/oz. over the next several months. Good luck in your investments.