Dear Jim: Silver early this morning at $23/ounce???
Jim Costa
Nov 11, 2019
1 min read
See Kitco 24 hour Spot Silver Chart today.
Jack
Response: Wow! To me it means either many tons of physical silver were bought by contract at that prearranged time and the buyer wanted to make sure he got all the physical he could, or the controllers of the market price screwed someone big time that had to settle many (physical or non-physical) contracts.
But See: JM Bullion 24 Hour Chart today. It does not show the big $23 spike.
Your thoughts?
$23 an ounce? Feels like the market’s handing out silver on clearance. I’ve been grabbing physical at BOLD Precious Metals while it’s still this low—beats regretting it when it jumps back up.