Buying Coins After a Silver Price Spike
Silver just jumped $2.00. Should you chase the rally or wait? Here is the playbook for buying into strength.
It happens fast. Silver is boring at $22 for months. Then suddenlyâBAM. It hits $25. Then $27. Your phone blows up. "Silver squeeze!" "To the moon!"
You feel the urge to buy EVERYTHING. Stop.
The "Premium Expansion" Trap
When spot price spikes, dealers often get swamped. To slow down orders (and protect their inventory), they raise premiums.
- Silver Spot: +$2.00
- Dealer Premium: +$2.00
- Total Cost to You: +$4.00
You are paying a "Panic Tax."
The Strategy: Reverse the Flow
If Spot is skyrocketing, do not buy Generic Bullion. Why? Because that is what the herd is buying.
Look at semi-numismatics. Often, when bullion spikes, vintage coins (Morgans, Peace Dollars) lag behind. Dealers are so busy repricing their Eagles that they forget to reprice their junk bins. Hunt for "stale prices" on the items nobody is watching.
The "Cool Down" Rule
If Silver goes up 5% in a day, wait 48 hours. Markets breathe. They inhale (spike) and exhale (pullback). Buy on the exhale.
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