My last column noted that delivery times on physical silver were backing up. In the two days since, there has been a significant slowdown in deliveries. Further, premiums are on the rise. The reason for these trends is that virtually everyone is a buyer of physical silver and not a seller at this week’s lower prices. Not only are people buying, but they are buying right away rather than taking time to “think about it.â€
VIA GATA
Dear Friend of GATA and Gold (and Silver):
Coin and bullion dealer Pat Heller reports at Coin Update tonight on the rising premiums and growing shortages for gold and particularly silver. Heller’s report is headlined “Physical Silver Shortages Growing, Premiums Rising” and you can find it at Coin Update here: