spot price

Which dealers sell silver at spot price deals?

silver at spot price deals

Silver spot price deals are an incentive for new customers to buy silver from a dealer that they may not have bought from before.

Smaller dealers that offer a silver at spot price deals use it as a way to earn the trust of a new customer. Showing a new customer the quality of their customer service, allows the dealer the opportunity to contact that customer after the first transaction to show the customer that they offer better pricing than the big guys.

JP Morgan Chase Paid $920 Billion Fine in Precious Metals Fraud Scheme Spanning 10 Years

In 2020, JP Morgan Chase admitted that it scammed precious metals investors of billions of dollars by rigging the markets for more than ten years. To avoid prosecution, the company agreed to pay almost $1 billion in fines for schemes related to defrauding precious metals futures exchanges and US Treasuries. Rumors and speculation have circulated … Read moreJP Morgan Chase Paid $920 Billion Fine in Precious Metals Fraud Scheme Spanning 10 Years

Sales of American Eagle gold and silver coins drop to 11 year low

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According to sales data released by the U.S. Mint this week, sales of both American Silver Eagle (ASE) and American Gold Eagle (AGE) coins were down in 2018. According to sales data, the U.S. Mint sold 245,500 ounces of Gold Eagle bullion coins during 2018. This was down from 302,500 ounces in 2017 and 985,000 in 2016. Silver … Read moreSales of American Eagle gold and silver coins drop to 11 year low

How is the silver price per ounce determined?

open pit silver mine

New precious metals investors often get confused by the fluctuating silver price per ounce. Silver is a commodity consumed for a variety of purposes beyond investment. In addition to being an investment and store of value, it is used in jewelry making, electronics manufacturing, the medical industry, and others. Many industries that consume silver prefer … Read moreHow is the silver price per ounce determined?