Loading ...I thought the same thing. First the refiners, then the Perth Mint and India, that will trickle down to coin shops.
I can see it in the prices the locals will pay for silver, even .999 which the refiners are still taking. Everything except eagles they pay well under spot.
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Probably why the big banks never cover their shorts, they figure they have other ways to control the market. Hard to say when/if the general public will ever become net buyers.
The miners should take supply off the market to support the higher prices like Neumeyer has done at First Majestic, but they never have before.
A little quieter tonight. PPI’s scheduled to come out in the morning. Don’t know if they will because of the gov’t shutdown. Hotter numbers might bring out the sellers. We’ll see.