Loading ...Was in a coin shop ystdy…they said, demand for all metals is good, but also plenty of supply, they are just very busy….no signs of a shortage and I asked specifically about silver….no they said they can get all the silver they want….we are talking small bars etc. They are basically selling all Au and Ag that comes in….but some to new buyers….
That said the diff between london and Crimex is real…which says London has a problem, as Crimex Oct settled at 51.07 where spot was 53.05
https://www.cmegroup.com/markets/metals/precious/silver.settlements.html
Would it be too fanciful to imagine that the industry is letting enough metal out to keep punters happy, but can’t hide the problem for orders of serious vol.
As for the Perth Mint, they were caught out, not having the metal in non allocated accounts, but still charging the interest…as were I think Wells Fargo and probably every bank that operated a non – allocated account scheme, though they weren’t caught….