Andy Schectman: Silver premiums rise, some products out of stock, as silver price shoots higher
Arcadia Economics, Released on 10/3/22
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.
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 rise, some products out of stock, as silver price shoots higher added by Herman James on 10/02/2022View all posts by Herman James ?+'