Part 2/7:
Mike from Mid America Coins noted a significant lack of sales, revealing that while he had a substantial inventory of silver—including kilo bars and rounds—there hadn't been much interest. He attributed this to a potential shift in market behavior, where consumers had overspent in previous months and were now selling to meet their financial needs.
He offered striking insights on how a considerable amount of silver was being dumped as owners sought to liquidate assets due to financial pressures. This phenomenon was reinforced by his experience of multiple clients unloading large quantities of silver and gold primarily to cover taxes and bills.