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RE: LeoThread 2024-12-28 05:31

in LeoFinance6 days ago

Part 4/7:

Keith explained that consumers are feeling the financial pinch, leading to more people selling their silver than buying. As he mentioned, “It’s expensive to live anymore,” suggesting that individuals are liquidating assets to cover essential costs.

Pricing Dynamics and Future Outlook

With the current spot price hovering around $29.50, Keith reported pricing his 90% silver at $20 times face value, effectively meaning he's paying about $19 for it when purchasing. This pricing strategy is essential for moving inventory quickly in light of the overwhelming supply coming through the door. Interestingly, while the demand for 90% silver is waning, the demand for pure silver rounds has seen a more moderate drop of around $2 or $3 depending on the seller.