Retail traders move to physical assets causing silver buying frenzy
‘Pretty much physical silver is almost all gone in terms of live inventory,’ said one dealer
01 February 2021 - 17:20
New York/Manchester — Retail sites for silver have been overwhelmed with demand for bars and coins, suggesting the frenzy that roiled commodities markets last week is spilling over into physical assets.
Dealers, including Money Metals, SD Bullion, JM Bullion and Apmex, said over the weekend they were unable to process orders until Asian markets opened because of unprecedented demand. Buying continued on Monday, and spot silver and futures jumped to breach $30 an ounce...
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