Are retail silver supplies drying up?

Discussion in 'Silver' started by fishduck, Mar 18, 2020.

  1. STKR

    STKR Well-Known Member Silver Stacker

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    ABC Bullion updated delivery times:

    Collection / Delivery not available until after 01/08/2020

    !!!
     
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  2. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Order date 20 March, delivery 02 April.
    Delivery is supposed to be via Toll Priority (That's what folk pay for) they send by Australia Post Star Track Express. :mad:
     
  3. Silverling

    Silverling Well-Known Member Silver Stacker

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  4. Oddjob

    Oddjob Well-Known Member Silver Stacker

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  5. SilverDJ

    SilverDJ Well-Known Member

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    Perth mint allocated program is completely out of all silver bar, inc the 1000oz ones!
    Gold was all sold out yesterday except 400oz bars, but today they have 1 x 5oz, 3 x 10oz and 2 x 50oz available, but I expect they will be snapped up today.
     
  6. heartastack

    heartastack Well-Known Member Silver Stacker

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    It got about this bad right about the time it crashed. This won’t crash soon, new territory. Last time was popped due to margin call in the papers. Still cautious because after last crash it was apparent that the refiners had plenty plenty plenty of raw material
     
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  7. STKR

    STKR Well-Known Member Silver Stacker

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    ABC Bullion now list the delivery times on the product list page, 1kg bars have an extended timeframe of 5 days since yesterday:

    Screenshot_2020-04-03-12-34-20-89.png
     
  8. Mintaka

    Mintaka Active Member

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    Ainslie Bullion had 2.5 Oz gold bars yesterday and had none this morning. Have not checked silver.
     
  9. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    They have far less of a variety of silver for sale online compared to what they had at the start of week
    In saying that most items are commented with delayed delivery
     
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  10. Mintaka

    Mintaka Active Member

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    Ainslie has no silver bar stock. All quoting delayed delivery. They have no special bullion at all. They have some gold coin stock. I am not surprised.
     
  11. SilverDJ

    SilverDJ Well-Known Member

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    And yep, they're gone before the end of the day!
     
  12. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Coles are marking down fresh milk to 60 cents, the use by date has one day expiry.
     
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  13. Lustre

    Lustre Member

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    There are one ounce minted rats $2825
     
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  14. STKR

    STKR Well-Known Member Silver Stacker

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    ABC Bullion have updated their delivery times for 10oz and kilo bars.

    Previous times:
    After 1/8/20 for 10oz and kilos after 6/8/20.

    Updated times:
    Both kilo and 10oz After 1/6/20.

    I wonder if the move to update was purely to do with decreasing overall demand or increased capacity?

    Bullion Now HAD a good chunk of low premium silver over the past two days. All gone now, but I counted a few 1000 Oz's.

    I also wonder how many stackers are getting out of their physical 'position' due to loss of work?
     
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  15. slavaja

    slavaja Well-Known Member Silver Stacker

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    I think the demand is slowing down since spot is up. If silver ever dumps again to $20 the orders will pile up again
     
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  16. STKR

    STKR Well-Known Member Silver Stacker

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    I question whether the overall demand was purely price driven. I definitely believe it was a big contributing factor, but another big factor would be the economic climate that we're in. A lot of new players appear to be popping up and many more "mainstream varieties" are beginning to see the threats of this endless Currency printing.

    Maybe this instance could even result in a long-term impact on PM demand, as more people begin to see that Gold isn't just a barbarous relic and silver isn't just an industrial metal - They have their place in wealth preservation!
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Spot going up? I'll buy the 10 oz bars from my usual dealers if they can offer spot + 7%.
     
  18. SouthCoastSilver

    SouthCoastSilver Active Member

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    Demand on a retail end had stayed the same as it was, maybe dropped back a bit since the original rush to buy at the $20/oz spot price imo

    But it will be interesting to what goes back to normal production first, the physical mining and refining or the industrial fabrication and manufacturing of goods with silver materials. Can skyrocket or plummet if the major finance institution keeps their fingers out of the pot and don't try and manipulate price
     
  19. Oddjob

    Oddjob Well-Known Member Silver Stacker

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  20. STKR

    STKR Well-Known Member Silver Stacker

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    ABC have confirmed my order of kilo bars is ready for collection next Tuesday. Order was made in the 19/3 and will be collected on the 14/4.
     
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