I have the feeling that retail gorging is what is stopping silver spot from rising. The super high premiums is acting like a huge GST or VAT depressing retail demand. Once mint supplies come online, which is happening now, the premiums will plunge as retailers rush to offload their new stock.
What makes you think that?
As The USA goes into fall and winter, COVID will bring more disruption.
Perth have increased premiums on their coins; that's when and if customers can get it.
1oz Kangaroos, remain on allocation, once a customers allocation is reached that's it.
1oz Emu's had an allocation of only 20.
1oz Pixiu is / was 20 last week.
There was 328 1oz Koala's last week, that were listed in the afternoon, not long after opening
the next business day they were gone.
Gold products are no existent at Perth, as are, at the moment the following silver coins:
Kooks, Koala's, Pixiu, Mouse, Mouse privy, Emu, Brumby.
All 2oz are not available, there's no Welcome stranger, Kook Mother and Baby or Mouse.
The 5oz Mouse won't be seen again.
The 10oz Kook has taken flight.
All the kilo coins are out of stock.
No 10oz Bars
No 100oz Bars
Kilo bars are available but shipping is $35 plus + Optional insurance of ten bucks.
Demand is huge and Perth knows it, they know folk are sitting on the web site all day waiting
for coins to be dribbled in and it's even worse here on SS, have you seen the volume of hits on some of the listings?
Demand is up, about 70% are buying, 30% are selling but many of the sales are from folk who purchased at the highs of 2012 who
are trying to recoupe losses.
Any silver that is reasonably priced is getting snapped up quickly.
Edit
Perth have had to buy back coins from LPM.
Blanks are being made hand over fist for the overseas markets.
