News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Gold Market Wire... Gold Market Wire... Gold Market Wire
Gold Market Wire... Gold Market Wire... Gold Market Wire
***
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
***
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
***
Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
***
Covid-19 Cases Climb as Deaths Dwindle
Covid-19 Cases Climb as Deaths Dwindle
***
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
***
*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
***
Subscribe to receive our monthly report
Market Info
Feature coming soon.
Thank you for your patience

Gold Market Wire

News, analysis and commentary for gold traders and investors

Silver Market Update

Retail Silver Interest Soaring, says Sharps Pixley

May 18, 2020 - (Gold Market Wire) - Retail premiums for silver coins and bars have moved from 30% to 40% in less than a month as refinery backlogs leave a shortage of metal in the market, said Giles Maber, Director of Sales at Sharps Pixley, London.

“A lot of refineries are trying to catch up with orders because of Covid-19 and they are prioritizing Gold, which is leaving silver out of the picture.” Maber said. “Less than 1% of our interest has been on the sell side in the past week, which is highly unusual... and for the first time we are seriously seeing enquiries from 'stackers', which is not something we have seen before,” he told Gold Market Wire.

“These are not enquiries from 'preppers' but are really coming from normal retail buyers who are getting concerned about the value of the British pound and are worried about the global monetary system...they believe silver may become a new currency.”

The British pound recently traded as low as 1.14 GBP/USD.

“The recent disruptions in manufacturing and supply are feeding into the market,” Maber said.







< Previous articleHome pageNext article >
<- Go Back