Andy Schectman: Silver premiums drop to lowest levels in 2 years
Arcadia Economics, Released on 7/9/22
It was a difficult week for gold and silver investors coming out of the 4th of July holiday, as the metal prices dropped along with the stock market on increasing recession fears. Although despite the falling COMEX futures prices for the metals, gold and silver dealer Andy Schectman of Miles Franklin reports that customers were still buying physical metal. With most wanting to take advantage of the lower prices, which has also resulted in the lowest silver premiums for many products in almost 2 years. Perhaps the biggest factor dictating the market pricing, is that many investors are just confused right now, and unsure of how to respond to the Fed's interest rate hikes. Even Jerome Powell recently admitted that he understands how little he understands about inflation, and it's not surprising that there's little consensus about what actually happens next. But to find out how precious metals investors are responding, what's going on with the physical market order flow, and the latest news about silver premiums, click to watch this video now!
Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.
Chris Marcus worked 2 years at bond rating agency Moody's, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia's Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin, Investing.com, and several others.
Andy Schectman: Silver premiums drop to lowest levels in 2 years added by Herman James on 07/10/2022View all posts by Herman James ?+'