Peter Krauth: Silver Enters Acceleration Phase - Ottawa Bullion

Peter Krauth: Silver Enters Acceleration Phase – Ottawa Bullion

Spot silver is trading around $26 per ounce…but you can’t buy any at that price. Instead, you’ll have to pay almost 50% more. That’s right. If you want silver right now, you’ll need to pay at least $35 per ounce. If you prefer government mint coins, and you’re willing to wait a month to get them, you’ll have to pay upwards of $37 per 1 oz coin. In the past year, premiums on physical silver have tripled from normal levels. Bullion dealers have been overwhelmed. Product shortages are now commonplace, with customers waiting 3 weeks or longer for shipping. The silver market has rarely, if ever, experienced anything like this. Demand has not only soared; it has maintained these elevated levels.

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