Copied from Apmex in past 2 minutes:
25 kilo (803.75 oz) Bag of Peñoles Silver Shot .9999+ Fine
Only $0.69 per oz over spot!
The finest Silver Grain on the market. Peñoles is known worldwide for their high quality and .9999+ purity. These sealed canvas bags come straight from Mexico. If you want the best, this is it!
Smart folks aren't buying because silver prices are heading toward a collapse to $12, then MUCH lower in coming official recession.
Silver ALWAYS crashes to $8 or less in official recessions.
What a joke........who wants to buy silver that cannot be resold? Apmex will not buy this back from you. It's purely for industrial use. You cannot economically test 25 kilos of silver shot, and would get a MASSIVE haircut trying to resell.
I agree.... there is a glut of silver available for industry and few buyers.
The only folks buying silver are former beanie-baby collectors buying trinkets that just happen to be made out of silver, meanwhile industrial demand for silver continues to plummet while excess supplies rise each year, forming a massive glut of silver.