Two months ago, the demand for bullion fell slightly compared to the frenetic pace it had been over the past two years. But buyers rate turned out to be acceptable over the past month.
Premiums are up again and delivery delays have returned for many items, while silver stocks have been hit hard as Money Metals' weaker competitors are particularly complaining.
Silver Eagle is a hindrance to buyers as it is overpriced, however silver rounds of one ounce and different sized bars have difficulties in finding suitable deals for them.
Confidence is beginning to wane about the ability of mints and refineries to retail bullion products in abundance. Demand for the 1,000oz silver bullion is also strong and the premiums for these large bars are steady.
The demand for alloy products during the two and a half years was very high. Private mints and refineries are trying to steadily increase their capacity, but the US mint is making unfounded excuses.
Some officials blamed COVID and the vendors providing the blanks.
While the US mint is hoping to increase new sellers who can produce the blanks, rather than preparing to produce the blanks at home.
Plans to increase inventories abundantly during periods of slow demand were not disclosed, if the mint even had plans to add any people or in-house equipment.
It's wise to avoid the unusually high premiums that come with American Eagles and even consider selling Silver Eagles for $9.50 right away to refund more ounces in other forms. The tours and bars are much better valued.
In order to own the physical bullion at the lowest cost, Vault Silver and Vault Gold are priced there at large commercial bar premiums, which remain low and fixed.
Vault Metals is a good option for investors wanting to receive metals, but there is no problem in buying and storing low-quality metals until the higher premiums for deliverable products have settled.
To an extent, I think the assumption of COVID to be blamed in this case is quite wrong
Maybe