As Silver Shortage Intensifies, More Retail Products Disappear

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As Silver Shortage Intensifies, More Retail Products Disappear

Today 41-year veteran Bill Haynes told King World News the silver shortage is becoming more evident and it is now impacting premiums of retail silver products his company sells.  Haynes stated, “... what we’re seeing in the premium action suggests that (silver) is going into short supply.”

Haynes also said it is causing inventory at wholesalers in the silver market to dry up.  He went to discuss what the unprecedented buying will mean going forward.  Here is what Haynes had to say:  “It seems this week we had existing clients adding to their positions.  It’s amazing, these are people that (already) own gold at $300, $400, silver below $10, and they are still adding to their positions at these levels.”

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