23 March 2010
Price corrections leave fixed price Silver Premiums aloft
Last weeks price drops have left many fixed price silver items looking expensive
Many fixed price Silver items, in particular smaller 1 ounce lots, have been left looking pretty expensive as sellers leave prices fixed after last weeks correction in metal prices.
Fixed price 1 ounce silver bars were trading at an average of $22 (USD) on Tuesday morning.
Many Fixed price 1 ounce silver coins were also asking for high premiums with individual Silver Maples at $34.26 (104%) and individual Silver Eagles at $28.16 (67.83%) as the physical market in fixed price items took time to correct to lower metal prices.
With fixed price metal looking expensive, BullionSupermarket users saw most traffic on auction items as buyers sought the best priced precious metal.