After a long pause is time for a needed PM’s update. My last post, about a week ago, was about physical demand starting to pick-up. For that reason, plus family related reasons, I have been away from the blog. In the mean time, physical are moving faster than lately. Today was my red flag day, meaning I noticed more buys and more quantities than in recent times. Yesterday was a busy day for gold (personally) with about 75 oz of gold, mostly AGE and Maples, that I sold during trading hours. Krugs are a little scarce in our vault in the past few days. Premiums for KR also went up 5$.
Today was also my silver day: trades for over 7, 000 oz. Must be mentioned, a lot of .999 silver for IRA’s account. Over 1000 were ASE. For sure is a signal of bargain hunting, demand surfacing in physical metals. We’ll see if this trend continues in the next weeks. Ciao!