In this week’s physical silver report with Andy Schectman of Miles Franklin, Andy reports some good news as #silverpremiums have continued to drop.
There was a significant spike in premiums earlier this year during the surge in demand following the bank failures. As investors rushed into the gold and silver space in response to the banking turmoil, in an environment where Federal Reserve assistance and talk of bank bail-ins left many concerned about the safety of their money.
However, over the past 2 months, we’ve seen a steady drop in the premium levels as the market has returned to a sense of normalcy. Whether the banking issues are a thing of the past remains to be seen. Although with economic data suggesting that we are likely still headed to a recession later this year, along with the Fed continuing to suggest that there are more hikes on the way, there’s a large segment of the market that believes we have not seen the end of the turbulence in the banking sector.
In today’s show, Andy talks about the latest conditions in the physical silver market and shares some thoughts on exit liquidity when it comes time to sell.
To find out more, click to watch the interview now!