Andy Schectman: Frantic Silver Demand Lightened Last Week
Arcadia Economics, Released on 4/25/23
After a frantic month and a half of order flow in the retail silver market, the conditions at the bullion dealers receded somewhat over the past week. The spark in demand had been triggered by the failure of Silicon Valley Bank, which left investors and savers concerned about the fragility of the banking system. Although after a period of calm following the depositor bailout, Andy Schectman of Miles Franklin reports that the surge in demand has come in over the past week. So in this week's physical silver market update, Andy talks about the latest week of activity, and also describes the conditions regarding product availability and premiums. He comments on the recent draw-down of the COMEX registered silver inventory, the new report by The Silver Institute, and answers some viewer questions that came in.
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: Frantic Silver Demand Lightened Last Week added by Herman James on 04/24/2023View all posts by Herman James ?+'