Those of you who track silver

[Jack Jones]

I hope Ad Orientem is alive and watching it

Yeah it's kind of sad to not know what happened to our characters of the past.

[seajay]

P.S. Check out the “more than 500 pounds of precious metal” thread at b’heads.

Yes, I saw that thread the other day. Apparently industrial demand for silver is high and junk silver is selling at a discount due to refiner backlog? I guess the lesson is if you're going to buy silver, don't buy the "junk" silver by the pound, stick with pure coins/bars.

Smelting (purification) is more costly than melting - and there's much demand for pure silver bars to be delivered asap (as many dump excess dollars into COMEX to take physical delivery of gold/silver).

[seajay]

80

Gold/Silver ratio 60.

Those that swapped gold for silver when GSR was 90 might swap back again and end up with 50% more gold.

[pmbug]

Silver demand is straining Apmex's logistical capacity...

https://www.apmex.com/letter-from-the-ceo

[Smith1776]

Holy crap.

[yankees60]

Silver demand is straining Apmex's logistical capacity...

https://www.apmex.com/letter-from-the-ceo

Thanks for this.

Astounding reading!

[Smith1776]

Will we hit $100 per ounce tomorrow when the market opens??