Silver went all the way down to $16.97 an ounce today, what does this mean for collectors?

Well, today marked an interesting day for silver spot price.  If you are an silver coin collector, today would have been a great day to buy low.  The problem is that this is like gambling and you do not know if the price of silver will go up or down tomorrow.  The market will tell, when people want silver, the price goes up.  This concept is like supply and demand in economics.

Next, I will show you an updated photo of the spot silver price today, 2/9/15 at 5:30 p.m.

So, judging by this graph, we can conclude that silver will be around $17 - $17.50 an ounce for a week.  But, there is no guarantee.  Anyways, get out there and start buying silver at these low prices; before it will spike up again and you will have to pay double the prices for the same coins.

Good luck hunting for coins and filling up those albums you always dreamed of filling with wonderful coins.