I'm a stacker. I'm constantly looking at silver and gold prices, the spread, inventories, premiums, derivatives in SLV, etc, etc.
The obvious trend since SVB went down was a move to towards safer assets, let it be a "too big to fail bank (lol)", government securities (lol), and precious metals. Premiums on 1 oz silver rounds (generic) are nearly $5 anywhere you look. My local coin shop (LCS) was charging $4.75 per ounce over spot on generics, which is actually lower than the vast majority on JM bullion and SD bullion.
With silver spot being 24.25 as we speak, a $5+ premium is nearly a 20% premium on the price. Higher premiums almost always mean high demand and low supply. Inventory on the comex is dropping at a pretty staggering rate (277 million oz left) and the entire comex could be drained with a mere $6.6 billion dollars.
My LCS said it's been insane since the banks began to fail. Way more buyers than sellers.
The price of silver specifically has been artificially suppressed by the big banks through derivatives and artificial contracts traded amongst the big banks. As inventory continues to drain, the dollar falls, BRICS grows it's membership, and uncertainty remains, precious metals SHOULD skyrocket.
Ultimately, I don't invest in PMs are a get rich quick scheme, but they really are a great store of value. Not investment advice, but holding silver and gold, while you can still get it, could be an answer to rapidly rising inflation.
When the silver inventory is depleted you’re going to witness the most blatantly corrupt financial shenanigans you’ve ever seen. The financial institutions can’t acknowledge the true value of silver, so they will refuse to reprice it and you’ll continue to see the spot market and paper SLV trade at about $25-30. Meanwhile it will be impossible to buy physical silver from a financial institution and people will only be able to get it on the street for hundreds of dollars an ounce. This disconnect will be plainly obvious to the most asleep of the normies as they try to join the herd in a panicked rush to secure bullion when it’s clear to everyone the dollar has crashed and the banks aren’t honouring their paper obligations.
Bingo