>>61149381
>I've heard refiners are being told to go 50% of spot on buys.
Your only sauce for this is the ASEcuck spamming this nonsense on /biz/ as a cope mechanism to justify he paid $15 premium on June 2022. Don't believe any shit that's being posted here please.
EVEN if it was true, do you really believe any store would accept to ditch away their junk for half the price while they can simply resell them for spot at retail? Ofc not.
So even if you try to make sense out of it, it would simply mean refiners are saying :
>we are backlogged af and we only accept 999 at the moment
Which might be a possibility if boomers are unloading en masse, not because there is too much silver, but because you live in a country who went hardcore into deindustrialization and smelters were hit the hardest after you abandonned your mining industry. Which means the 10% or so smelters/refiners you have left compared to the 90s can't even process a tiny spike, capacity wise.