Silver Surpasses $100, Challenges Arise in Selling Physical Metal
- Silver is trading at $103 an ounce this weekend.
- An X account named Stoic Trader claims to hold 1,000 ounces of silver bars.
- Stoic Trader alleges dealers are offering prices that are approximately 30% below the spot price.
- The post by Stoic Trader gained significant traction on X.
Silver’s price has surged past the $100 mark, yet selling physical silver remains complex due to reported low offers from dealers. The situation highlights challenges in the market for those holding substantial amounts of physical metal.
With silver at $103 an ounce, Stoic Trader’s experience underscores difficulties sellers face when dealers propose prices significantly below market value. Source
