Price remains stagnant despite HUGE SURGE in silver pyrchases including enormous purchases of hundreds of millions of ounces/tons by countries like India and Poland as well as a shit ton on a coordinated raid last Monday by WSS
Taken from a WSS post https://www.reddit.com/r/Wallstreetsilver/comments/m99tr8/huge_silver_demand_leading_to_shortages_seen/
Below is a list of some of the countries and posts where you fine Silverbacks have shared excellent insights into the tightness in Physical silver markets!
Each of these stories is individually powerful and when taken together...well decide for yourself how close physical silver may be to becoming 'unobtanium'.
• US COMEX - 26m in warehouse drainage over the last 6 weeks
• China - 8.5 Million Oz of Silver Removed From Shanghai Exchange (SGE) on Mar 18th
• India
• 6m oz / 80 tons of Silver removed from the MCX (India's COMEX) &
• India to help empty COMEX
• Amazon.in - India. It is all sold out (was available at 40% premium...now gone)
• India's silver imports in 2015 accounted for nearly one-third of global mine supply, in 2020 it was only 8%...
• Australia
• Perth Mint...can they keep up with demand? &
• Perth Mint Inventory Shortage Evaluation
• Mexico - Silver Shortage (BBVA / Banco Azteca, etc...)
• Poland - Mint of Poland completely out of investment silver
• US
• US Mint Silver Squeeze Inventory &
• U.S. Mint Boxed in by Legislation
• US Silver Eagles sales - comparison back to 2017
• Austria - 1.4m ounces of Silver removed from small Austrian ET
• Netherlands - Silver shopping PAUSED
• England - Royal Mint gold rush causes chaos for customers: 1) Reddit, 2) Original article
• Ireland - national online dealers not shipping silver, u/DoctorJTattoo buying their Silver from Bulgaria and Estonia!
• Malaysia Silver Bullion is also out of silver bar and very minimum on coins. The next restock is at least 4 weeks. per u/GreEn_rEtarD in comments below.
• Russia - Russians boosted precious metal investments during Covid crisis "... the demand for gold and silver coins tripled in 2020 compared to a year earlier..."
• South Africa - ???
Online retailers:
Monument Metals - coins got cancelled due to lack on inventory
Is a Silver run on the banks happening right now?
Request: What have I missed? If you see or write a post about supply tightness somewhere in the world, let me know (or add a link in the comments) so that I can add above!
WSS is a global community, giving us eyes and ears in many many countries. Stories about what you're seeing in your local market are very much encouraged in the comments below as well!
Welcome to our new members. Please note that while this is not investment or financial advise, if you cannot find physical silver, consider local coin shops, shares of PSLV which are backed by physical silver which goes a long way or see this list of sites compiled by another Redditor.
Below graphic was tweeted on Feb 14.
Below is a list of some of the countries and posts where you fine Silverbacks have shared excellent insights into the tightness in Physical silver markets!
Each of these stories is individually powerful and when taken together...well decide for yourself how close physical silver may be to becoming 'unobtanium'.
• US COMEX - 26m in warehouse drainage over the last 6 weeks
• China - 8.5 Million Oz of Silver Removed From Shanghai Exchange (SGE) on Mar 18th
• India
• 6m oz / 80 tons of Silver removed from the MCX (India's COMEX) &
• India to help empty COMEX
• Amazon.in - India. It is all sold out (was available at 40% premium...now gone)
• India's silver imports in 2015 accounted for nearly one-third of global mine supply, in 2020 it was only 8%...
• Australia
• Perth Mint...can they keep up with demand? &
• Perth Mint Inventory Shortage Evaluation
• Mexico - Silver Shortage (BBVA / Banco Azteca, etc...)
• Poland - Mint of Poland completely out of investment silver
• US
• US Mint Silver Squeeze Inventory &
• U.S. Mint Boxed in by Legislation
• US Silver Eagles sales - comparison back to 2017
• Austria - 1.4m ounces of Silver removed from small Austrian ET
• Netherlands - Silver shopping PAUSED
• England - Royal Mint gold rush causes chaos for customers: 1) Reddit, 2) Original article
• Ireland - national online dealers not shipping silver, u/DoctorJTattoo buying their Silver from Bulgaria and Estonia!
• Malaysia Silver Bullion is also out of silver bar and very minimum on coins. The next restock is at least 4 weeks. per u/GreEn_rEtarD in comments below.
• Russia - Russians boosted precious metal investments during Covid crisis "... the demand for gold and silver coins tripled in 2020 compared to a year earlier..."
• South Africa - ???
Online retailers:
Monument Metals - coins got cancelled due to lack on inventory
Is a Silver run on the banks happening right now?
Request: What have I missed? If you see or write a post about supply tightness somewhere in the world, let me know (or add a link in the comments) so that I can add above!
WSS is a global community, giving us eyes and ears in many many countries. Stories about what you're seeing in your local market are very much encouraged in the comments below as well!
Welcome to our new members. Please note that while this is not investment or financial advise, if you cannot find physical silver, consider local coin shops, shares of PSLV which are backed by physical silver which goes a long way or see this list of sites compiled by another Redditor.
Below graphic was tweeted on Feb 14.