Andy Schectman: Silver Demand Steady Following First Republic Bank Demise
Arcadia Economics, Released on 5/2/23
On Monday, we saw the latest bank failure during the Federal Reserve's current interest rate hiking program, with First Republic Bank being taken over by JP Morgan. Which is the latest evidence that the issues in the banking system are not resolved, especially as the Fed gets set for another interest rate hike on Wednesday. So in this week's physical silver market report with Andy Schectman of Miles Franklin, Andy talks about the conditions in the banking sector following the deal, and also how his customers are responding in the retail silver market. He provides an update on the premiums and supply chain in silver, and also talks about some of the mental aspects of following the silver market developments. Which is perhaps an equally important part of the process, given how it can often be heavy following the news of the flaws in the financial system that have led so many into the silver market. But to find out more about the latest news and how to handle it all, 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 Demand Steady Following First Republic Bank Demise added by Herman James on 05/01/2023View all posts by Herman James ?+'