BullionStar's S$20K Minimum + 28% Silver Premium = Small Investors Locked Out Not Buying at These Levels!
BullionStar in Singapore just slapped on a S$20,000 minimum for buy AND sell orders (vault storage sales exempted). That basically locks out smaller retail folks from selling their silver stacks directly to them unless you've got a big pile ready to offload. Crazy times! And on the buying side?
They're selling silver at around S$139.63 per oz (≈ USD$109 depending on exchange). With spot price hovering around USD$85 today (Feb 1, 2026), that's a whopping ~28% premium over spot! After the wild volatility—silver spiked way higher in January then corrected hard—these premiums are sky-high across the board due to physical shortages, massive demand (especially from Asia), and supply chain chaos. But 28%? That's steep for stacking more right now.
Personally, I think it's not worth buying physical silver at BullionStar at these levels unless you're super bullish long-term and okay paying a fat markup.
Better to wait for premiums to cool off, look at other dealers with lower mins/premiums, or just hold off until the dust settles.
@TigerObserver @Tiger_comments @Daily_Discussion @TigerStars
Modify on 2026-02-01 20:55
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- Ah_Meng·02-01 18:49TOPWhat’s this? Retail silver store in Sg? Seems like they are just taking their time to update their sell price…1Report
- Blinkfans·02-02 06:57Up backLikeReport