Silver Inventories are quickly running dry even with the high premiums. This could become the new norm as economic uncertainties continue to increase. We saw SD bullion has no monster boxes in stock which run anywhere from 18,000 to 20,000 in price. So, someone big is buying it up. Some of the American silver eagle premiums are up into the 50s, meanwhile silver spot sits at 19.10. As always someone knows something as fear and panic spreads across the USA with elections, Russia, and many other things at hand.

With supplies being bought up at fast rates we could see what is happening with oil. Enhanced scarcity leading to much higher premiums. Silver is also used for solar panels as well as EV vehicles which could make prices go even higher. We could also see the Federal Reserve cut interest rates back to zero in order to save what’s left of the stock market causing stocks to soar, but also inflation to soar. With interest being over 6% we could see mass refinancing on mortgages in the future (assuming this happens) Causing another housing crisis of its own.

One of the largest wholesalers in the world is almost entirely wiped out of silver product. There is massive demand, says Andy Schectman, CEO and President of Miles Franklin Precious Metal Investments. He notes inventories are as low as they have ever been with the exception of 2008. However, this is just the beginning, he suspects, as the whole world is waking up to inflation.

Silver American Eagle (BU)
from: Money Metals Exchange