Article Image

IPFS News Link • Gold and Silver

As Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums

• Zero Hedge

Updated 2055ET with comments from SD Bullion President Dr. Tyler Wall.

For those who have been keeping an eye on silver, things are getting a little tight.

Earlier Wednesday we noted a report from Ronan Manly of, who revealed that more than 50% of deliverable silver on COMEX is suddenly 'not available.' Manly brought up this Oct. 19 tweet from metals expert Nicky Shiels, who said of delegates in attendance at the annual LBMA (Gold) conference in Lisbon; "they are mildly bearish Gold for the year ahead ($1830 by 2023s conference) but super bullish Silver ($28.30!) as the focus was on physical tightness driven by unprecedented demand."