Who's buying physical silver right now?

Kirk777

Rookie
Joined
Nov 18, 2020
Messages
26
I'm clueless. What are your suggestions or vendors so I don't get screwed?
 






polymoog

Superstar
Joined
Jun 17, 2017
Messages
6,301
ask it over here on magnetics main thread:

 






saki

Star
Joined
Dec 11, 2017
Messages
1,178
“Physical Demand Will Completely Overwhelm Supply” And How Silver Could Wind Up Over $270

...snip....

In summary, the demand for physical silver is greater than the supply – the amount being mined each year. And it’s expanding. At the same time, silver is in the cross hairs of a new class of “deep pocket” investors, from hedge funds to home offices. And the “retail” demand is on the rise as well. As an example, our business at Miles Franklin is up between 300% – 400% and it is 95% silver. This new, large demand is, in part, being funded by savvy investors taking profits on stocks and Bitcoin.

Most commodities have one primary source of demand, like copper – which is solely an industrial metal, and gold, which is mostly a monetary metal. Silver is in demand by both industry and investors. At some point they will be in competition with each other. That point is not far off. So yes, I think a squeeze is not only possible but actually highly probable.
 






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