Loading ...I know what you mean. I was quoting the dealer. The truth is not how much someone wants it to be but how much someone is willing to pay for it. As long as the deficit increases and not being able to stay out of other people’s wars or money problems somewhere else or plain greed and outright theft that will only increase. He wanted answers and was bewildered by the answer he got. If demand is so high and refiners can’t make it fast enough why the dropping prices although selling back is also high but only on the retail end.
What may have been left out is the interest rates. The refiners need to borrow or use credit to buy all this silver with overwhelming demand by the exchanges ” which I’m curious if there’s also pressure what price exchanges buy from refiners vs sell to the public” and these high interest rates are a burden to them thus why their halting buying less than 999 pure because it takes longer to refine and probably more energy cost to refine. They can’t make it fast enough for industrial demand but apparently also limited by banking borrowing costs. All this selling with mines also can’t produce in fast enough is gonna go into industrial refining it looks like, once their gone then what? At what point does the retail buying back stop getting easy.