Price Drop Boosts Physical Silver
Posted by Investment Rarities on October 2nd 2011 in Gold, Short Sellers, Silver | Be the first to comment!
Following up on his article urging investors to “Buy metals at bargain prices,” coin dealer Patrick Heller sees growing demand for physical silver leading to rising premiums and a significant slowdown in deliveries: “The reason for these trends is that virtually everyone is a buyer of physical silver and not a seller at this week’s lower prices. Not only are people buying, but they are buying right away rather than taking time to ‘think about it.’” Heller suggests that “If the current physical silver buying surge continues, you could see a significant recovery in the spot price.” And he notes that while “buyer demand has been overwhelmingly for silver rather than gold in the past few days, there has also been a surge in demand for physical gold bullion-priced coins and bars.”
