Silver Prices On the Move
Over the last few weeks, I've noticed an influx in the so called 'buying opportunity' sales emails coming from some of the most trusted Silver suppliers online. The fact that the price over spot was getting down to $1.49 and just yesterday, $.99 over spot price for some 10 oz bars. This seems to signal that either they feel like they are sitting on too much inventory and need to make a few sales to pay the bills or that the silver prices are set to slide a few dollars here in the short term.
It's interesting how there are easy to read clues in everyday life that signify real events. So, the next time you get an email touting great deals on silver consider reading in between the lines a bit. Also, keep track of the premiums that are being sought after and this trend could also give one real clues as to what the current supply/demand ratios among silver buyers/sellers really is.
Keep in mind, silver price fluctuations are known to be sudden and can change direction quickly. Even today, there is nearly a $1 difference when looking at delayed silver prices as compared to those on Kitco.
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