The concerns in the banking sector have received the majority of the financial markets’ attention in the past few weeks, with many investors and savers looking towards gold and silver has a safe haven for their money. Although while that’s been happening, the trend of de-dollarization has also continued. Most notably with a recent meeting …
Andy Schectman: Financial Chaos Fears Driving Investors to Silver Read More »
There was a surge in physical gold and silver purchases following the bank run that led to the collapse of Silicon Valley Bank. And after the UBS takeover of Credit Suisse this past weekend, that surge has continued. The concerns in the banking sector have left investors and savers unnerved, and as a result, they …
Andy Schectman: ‘Heaviest Week of Gold and Silver Sales in My 33-Year Career’ Read More »
After a turbulent weekend in the banking system, which included the closing of Silicon Valley Bank, the Fed, and the FDIC guaranteeing the deposits, and also concerns about other banks, there was a significant rally in gold and silver on Monday, as well as a lot of physical precious metals buying. In this week’s physical …
Andy Schectman: Extremely Heavy Gold, Silver Buying Following SVB Collapse Read More »
Over the past few months, the premiums on almost all of the silver products have come down, following a period of higher premiums caused by a lack of supply in late 2022. Yet while most of the premiums have stayed at the current lower levels, Andy Schectman of Miles Franklin reports that the American Silver …
Andy Schectman: Silver Eagle Premiums Tick Back Up Again Read More »
Gold and silver prices have been declining again over the past week, largely in response to the Fed minutes and governor speeches suggesting that they are now considering raising interest rates higher than previously expected, and holding them there for longer than once expected. So as a result, the precious metals futures contracts have been …
Andy Schectman: We Could See Silversqueeze on Steriods Read More »
In the past 3 years since the pandemic outbreak, there have been several times when surges in demand for physical silver have left many products unavailable or delayed, including as recently as last November. However, in this week’s physical silver report with Andy Schectman of Miles Franklin, Andy mentions that the wholesalers are now caught …
Andy Schectman: Retail Silver Supply Catches Up With Demand Read More »
While the Fed continues to raise interest rates in the US as it hopes for a soft landing in the economy, the larger risks to the dollar system continue to emerge. Countries around the globe continue to de-dollarize, with new nations joining the BRICS, and others making arrangements to conduct trade while no longer being …
Andy Schectman: De-dollarization Continues Amidst High Inflation Read More »
Silver premiums have been dropping since Thanksgiving, and into the new year. Although that’s finally changed over the last 1-2 weeks, as the premiums have begun to stabilize, amidst a pickup in demand. In this week’s physical silver report Andy Schectman of Miles Franklin calls in from the Vancouver Resource Investment Conference to talk about …
Andy Schectman: Silver Premiums Stabilize, Demand Picks Up Read More »
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Silver premiums went to some of the highest levels in history towards the end of 2022. Although in the end of the year, and into 2023 they’ve dropped to the lowest levels since 2020 reports Andy Schectman of Miles Franklin. While the premiums on the American silver eagles still remain elevated, the premiums on almost …
Andy Schectman: Silver Premiums Are Lowest Since 2020 Read More »