Silver prices have surged to $103.30 per ounce, marking a historic move into triple-digit territory. However, selling physical silver bars has proven challenging, as highlighted by a viral post from the X account Stoic Trader. The account claimed dealers were offering 30% below spot price for his 1,000 ounces of silver, sparking debate on social media.
Investigations into silver dealers across Massachusetts, Florida, Texas, and Connecticut revealed that while dealers are willing to buy silver, they prefer U.S.-minted Eagles and larger quantities. Discounts ranged from 8% to 17.7% below spot, with Texas offering the lowest prices. The findings suggest that while physical silver is sellable, sellers should expect discounts and consider product type and location when negotiating prices.
Silver Hits $103, But Physical Sales Face Dealer Discounts
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