We recently received this email notice from one of the larger, well-respected wholesale distributors in the industry. While the spot price of silver has softened, physical demand is stronger than ever.
What to make of it? The paper silver market and physical silver market are at opposite ends of the spectrum and have little relation to one another. So, what lies in the middle of the extremes? Manipulation mostly.
Here is the wholesaler’s specific message to dealers:
“WE ARE SOLD OUT OF SILVER”
At this time our office is not offering silver product for sale. We have now crossed a line where we are more than thirty (30) days out on new orders of manufactured product.
Once we get caught up we will offer more product for sale.
All current orders are on schedule.
We apologize for this inconvenience but feel it is not safe business nor good business for us to short product past our comfort level of thirty (30) day delivery.
All Things Considered – John’s Commentary:
What to do? Buy periodically in modest amounts. When silver rises again, you will not care that you bought it at $14 or $12 or $10. You’ll be glad you have your silver at any price (and you will wish you had bought more.)
We still have limited silver inventory to sell, with additional silver on order. Call us today.
