Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
Silver Shortage yet price is staying down.
Been about a month, but if you go try to buy coins, or even 10/25/50/100 ounce bars silver dealers are telling you 8 weeks out, and that is including $8-$10 over spot price.
Watched a broker on You Tube yesterday from JD Bullion w/ 30 years in business who said until end of January he could call and get as many 1000 oz bars as he wanted shipped within 24 hours of purchase. Last two times he's called his guys was told not sure when it could ship and open ended sometime in March.
I know coin dealers/pawn shop guys are not parting with what they have physically.
Reddit warriors tried to make a run on the shorts of silver a couple of Mondays ago and over the course of that week someone ended up "selling" 120 million ounces which flooded the market and brought price back down to where it was before that weekends events.
Anyone have thoughts? Ironically every other commodity but silver and gold are touching 8 year highs.