Andy Schectman: Silver demand driving premiums higher

With the silver premiums continuing to rise, and many products now facing delays, Andy Schectman of Miles Franklin joins me on the show to provide an update on the conditions in the retail physical silver market.

In this call, he talks about the delays that are being seen throughout the industry on most silver products, how the refineries continue to struggle to keep up with demand, and how the majority of his orders continue to favor silver over gold.

He mentions that the people who are calling in to purchase silver are concerned about the events they see going on in the world, the persistent inflation, and how they don’t see an easy way out for the Federal Reserve. So as a result, they continue to turn to silver as a means of protection.

Silver dealers throughout the industry have described intense buying unlike any previous time, and one can only wonder how much longer this can go on before there’s movement in the underlying spot price.

So to find out more, click to watch this video now!