Physical silver is almost all gone – SD Bullion
|In an interview with Bloomberg on Monday, Tyler Wall, President and CEO of gold and silver retailer SD Bullion, provided updates on the silver market.
Key quotes
Prices now are at least a 30% premium over spot prices.
Physical silver is almost all gone.
Silver jumped to a 5-1/2-month high of $29.01 early Monday and is currently trading at $28.58, representing a 6% gain on the day.
The metal picked up a bid near $25 on Thursday after a Reddit user called a short squeeze. Prices rose 5% and 1% on Thursday and Friday, respectively.
Also read: SilverSqueeze trends on Twitter as retail sites see high demand for the metal
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.