Andy Schectman: Silver Demand Steady Following First Republic Bank Demise

On Monday, we saw the latest bank failure during the Federal Reserve’s current interest rate hiking program, with First Republic Bank being taken over by JP Morgan. This is the latest evidence that the issues in the banking system are not resolved, especially as the Fed gets set for another interest rate hike on Wednesday.

So in this week’s physical silver market report with Andy Schectman of Miles Franklin, Andy talks about the conditions in the banking sector following the deal, and also how his customers are responding in the retail silver market.

He provides an update on the premiums and supply chain in silver and also talks about some of the mental aspects of following the silver market developments. This is perhaps an equally important part of the process, given how it can often be heavy following the news of the flaws in the financial system that have led so many into the silver market.

But to find out more about the latest news and how to handle it all, click to watch this video now!