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Metals under more pressure, premiums, delays on the horizon again

Gold went under 1200$ and silver rebounded from the low 18$ level to ~18.50$. Volume in the physical was at full speed for us today. Probably one of the largest amount of AGE in and out within 4 hours, premiums on AGE lately are closing with the less pricey Canadian .9999 Maples and South African Kruggerands, and they are selling this week even more because of that reason.  So, gold more than silvers in dollars amount for sure, but I would say 10+ to 1 in weight for silver oz over gold. Morgans and Peace dollars are flowing into the market by the hundreds and thousand, even grated, almost zero bid for Cull dollars, price went down a lot all across the board. In the way of .999 ASE still the best seller (we are awaiting for large trades to be filled!Gone the same day or just about)  followed by lower premiums products like silver bars in 10 & 100 oz, also moving fast hence the lowest premium for 999, even a bit lower than my number one and favorite silver product : the silver 1 oz round. Premiums for 90% also on the rise, up 50 cents or more in the past few days, shortages and delays may be very well coming down the silver pipelines soon, you have been warned few days ago… I mean now gold and silver are somehow cheap, going for almost 40% gold and over 60% silver less than 2+ years ago! If even some of the demand pick up like in past April, shortages delays and premium raising are guaranteed …


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