Andy Schectman: Silver premiums rise, some products out of stock, as silver price shoots higherVote
Andy Schectman: #Silver premiums rise, some products out of stock, as silver price shoots higher
The last few months of trading in the silver market have seen a divergence between the selling on the #COMEX and in the #SLV shares, and consistent buying in the retail physical silver market.
Now that's resulting in many products getting harder to find again, with some wholesalers saying they are sold out on several items and are weeks away from having more. Premiums are also rising again, with higher wholesaler prices getting passed along to the end retail buyers.
Fortunately, Andy Schectman of Miles Franklin checked in to share what he's seeing in the market, and what his business' order flow is like amid the turbulent conditions. Investors remain concerned about what they're seeing in the financial markets right now, and even despite the lower silver spot price, many are still turning to silver as insurance.
So to find out more about the latest conditions in the physical silver market, click to watch this interview now!
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