There is no silver shortage!

"As a leading BS manufacturer, we can assure you there is no shortage of BS and in fact we are completely full of BS, it just isn’t in the specific forms being requested by our customers which is putting pressure on manufacturing operations. The BS Mint is completely focused on meeting the surge while maintaining the highest standards of BS". The Perth mint is full of it!
 
Seeing stock starting to build up across most dealers all around the world and not really selling strong anymore.

Seems it wasn't a shortage, but rather an increase in damand that just happened to occur when most refiners/mints were closed over xmas and new years. Which then created a short term feedback loop, where as people saw less stock it created more fomo demand.
 
leo25 said:
Seeing stock starting to build up across most dealers all around the world and not really selling strong anymore.

Seems it wasn't a shortage, but rather an increase in damand that just happened to occur when most refiners/mints were closed over xmas and new years. Which then created a short term feedback loop, where as people saw less stock it created more fomo demand.
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I disagree, there is a silver shortage.

Ask any manufacturer who requires silver for their goods why they're locking in the dips and their reply will be a complete contradiction to your suggestion.

Yes, there became an increase in demand from the physical collector side (us) wanting coins, bars etc. with all the pretty pictures, but the reality is, the industry as a whole is short. Very short.
 
braz said:
Ask any manufacturer who requires silver for their goods why they're locking in the dips and their reply will be a complete contradiction to your suggestion.
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I would imagine that was due to silver getting diverted to consumer products that were able to sell products for 40% above spot than to industry that is only willing to pay spot.

Premiums are starting to drop as consumer demand drys up, I’ve been tracking many products on consumer dealers sites and stock is barely selling anymore. I think once this back log clears in a few months then industry will have no issue getting silver again.

But as always time will tell.
 
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leo25 said:
I would imagine that was due to silver getting diverted to consumer products that were able to sell products for 40% above spot than to industry that is only willing to pay spot.

Premiums are starting to drop as consumer demand drys up, I’ve been tracking many products on consumer dealers sites and stock is barely selling anymore. I think once this back log clears in a few months then industry will have no issue getting silver again.

But as always time will tell.
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Well said Leo, I'm not convinced consumer demand has dried up just yet.

To steal your last line, "time will tell".
100 %

Good luck mate, 200 easy ...
 
Don't believe shortage is due to retailer (consumer). I believe the industrial side account for the vast majority of silver demand. Before, there was pre-existing inventory to cover for deficit.
More recently, inventory is running low, recycling of lower purity of silver is needed to meet demand. Current infrastructure is too slow.

So let's blame the infrastructure, no shortage. Price in different markets just happen to varies due to friction, trade war. Physical price have much higher premium due to huge price swing. China silver recycler are just loaded and offer to buy above all exchanges price because they are just kind. Nothing to see here.
 
The NPCs wont want any until it hits 100+ again.
No one is in a hurry to get out of the poor class and better their lives.
Its easier to post Tiktoks with crying videos about corporate greed and blame others.
 
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