Silver Price Watch

[shinymetal]

Already 104.
Absolutely amazing.

 

[SKULL]

Already 104.
Absolutely amazing.

I'm watching a 1 hour live chart.

Silver started the morning at $66.86 USD

It's just been trading thru $69 USD /oz

 

[Sandy Gooch]

As much as i have enjoyed smack talking the slippery jippo's over at ABC, right now most of they're silver 1oz coins only have a $10 premium which i think is very reasonable.
Im still not buying, just proozin

 

[shinymetal]

Their allocated is a joke, you can buy and sell physical for a smaller spread.

 

[ozcopper]

Pool allocated is a joke! Good luck getting your metal in a real squeeze!

 

[Sandy Gooch]

If i was in an unstable renting situation or for some reason unable to secure storage it might be an option. But so is a lockbox in a ban.. Oh wait...we dont have banks anymore.

 

[Administrator]

Silver: Samsung Prepays Mine For 2 Years Supply

https://www.scottsdalemint.com/articles/2025/silver-samsung-prepays-mine-for-2-years-supply/

 

[alor]

Is it a very small drop of the rain purchased?

 

[Sandy Gooch]

Silver: Samsung Prepays Mine For 2 Years Supply

https://www.scottsdalemint.com/articles/2025/silver-samsung-prepays-mine-for-2-years-supply/

Great idea.

 

[Nugget]

Silver: Samsung Prepays Mine For 2 Years Supply

https://www.scottsdalemint.com/articles/2025/silver-samsung-prepays-mine-for-2-years-supply/

WOW

 

[Sandy Gooch]

The 7 mil is just for rehab , they will still need to pay for the concentrates? Cos 7 m doesnt get you too far unless they are using slave labour.

 

[shinymetal]

I think they're paying 7m to get the mine back up and running, and rights to buy the first 2 years of production.

 

[alor]

China buy the whole mines

 

[Sandy Gooch]

I think they're paying 7m to get the mine back up and running, and rights to buy the first 2 years of production.

Have 'money of mine' lads covered this one yet?

 

[alor]

On October 9, 2025, China's Ministry of Commerce (MOFCOM) announced broad new export controls primarily on rare earth materials, technologies, lithium batteries, and superhard materials, but there was no mention of specific controls on silver on that date.
However, a separate announcement on October 30, 2025, by MOFCOM did introduce new rules for the export management of silver (along with tungsten and antimony) for 2026-2027, reintroducing a quota system to enhance resource and environmental protection.
MOFCOM Announcements on Silver
The new rules for silver export management, which include a licensing and quota system, were announced later on October 30, 2025, and are set to be in force for 2026-2027. The general intent of these measures is to strengthen state management over strategic resources and ensure only qualified companies are granted export rights.