We are independent and we need help to keep the industry thriving. News is important during the COVID-19 Pandemic; it can be informative especially during the toughest times of all. For us, there is a need to speed up so we can inform and share what matters faster. You can help with the progress by donating to us.Make a donation
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.
If you liked this publication, please consider donating to support thisquality being independent. Protect trustworthy news from official Government newswires and voices inside local communities. Invest in a range of interesting fields of storyful perspectives that matter.Donate here