Silver has had quite a run lately—up 7% just today and sitting at 160%+ for the year so far. Over the past six months alone, prices jumped from $36 per ounce to $76, marking a stunning 100%+ surge.
But here's what matters if you're actually thinking about accumulating physical silver: the premium above spot price is real. American Silver Eagle 1-ounce coins are trading around $84 right now, and generic silver bars? You're looking at similar premiums on top of the spot rate.
The gap between paper prices and what you actually pay for physical metal is worth paying attention to. Market enthusiasm is one thing; execution cost is another.
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NFTDreamer
· 3h ago
The numbers look good on paper, but when you actually buy, you realize what it means to cut your losses.
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MemeCoinSavant
· 12-26 22:00
ngl the $84 ASE vs $76 spot spread is literally just a tax on people who think they're getting rich quick 📊 paper gains hit different when reality charges u 23% vig lmao
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NftRegretMachine
· 12-26 21:54
The surge in paper prices is one thing, but when it comes to actually buying physical assets, you realize how badly you've been gouged... The premium really is an invisible tax.
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SatoshiLeftOnRead
· 12-26 21:45
Paper silver rises happily, but when you actually buy and check the premium, it immediately breaks your defense...
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zkNoob
· 12-26 21:36
Paper money rises happily, but real gold and silver are the real trap
Silver has had quite a run lately—up 7% just today and sitting at 160%+ for the year so far. Over the past six months alone, prices jumped from $36 per ounce to $76, marking a stunning 100%+ surge.
But here's what matters if you're actually thinking about accumulating physical silver: the premium above spot price is real. American Silver Eagle 1-ounce coins are trading around $84 right now, and generic silver bars? You're looking at similar premiums on top of the spot rate.
The gap between paper prices and what you actually pay for physical metal is worth paying attention to. Market enthusiasm is one thing; execution cost is another.