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Silver is selling out like hotcakes as major dealers struggle to keep the stock of silver, gold and other metals.
The largest stock, Silver, cannot keep up with high demands.
According to some Reddit users in the forum, WallStreetBets, there was calls for users to do a runner on the metals. Top known users on the forum called on others to not purchase silver stocks as it could benefit Citadel LLC. Others in the Reddit forum are calling for purchase and hold GameStop and notable stocks like AMC.
Bullion dealers wrote on Sunday that their website stocks have shortages of physical coins.
A company named APMEX wrote on their website that “due to unprecedented demand on physical silver products, we are unable to accept any additional orders until markets open on [the evening of] January 31.”
JM Bullion, a major bullion dealer, wrote that there’s an increased demand and shipping delays of up to 10 days are expected from a cleared payment.
SDBullion said on January 31 that it could not fulfil any future orders until the market opens.
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