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RE: The odd state of the silver market

Demand can vary from place to place. I'd expect 90% to be selling at spot or even less if the Refineries have stopped buying metal with less than 999 Fine. Near Vancouver BC, Where I live, a lot of fractional gold is sod out. Any gold One oz. or larger are still for sale. Those buying most are Asian and Indian communities here. Some silver bullion are in low stock.