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Message Subject Silver goes parabolic. Did something bad just happen?
Poster Handle MaxMad
Post Content
SLV was up 4% at open.
Now it's around +2%

Plunge Protection Team is on the job!
 Quoting: Anonymous Coward 28824257

They are losing the fight-as physical silver is now over $5++ over spot... Dealers are begining to no longer even look at spot... LOL!!!!
 Quoting: MaxMad

Major disconnect due to availability. When people are standing in line (like they are for weapons at gun shows)and the price is wiping out 50, 60, 70, etc...then I think the term "parabolic" maybe more appropriate...
 Quoting: 4Evergirl

Very true.... Right now each coin shop I go to has different prices... I havent seen this before.. I did see in 2008 where dealers were charging $7+ over spot which was insane... Now, I think you're right it is purely a supply-demand pricing discovery going on...
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