CPM Group: Reports Of Physical Silver Shortages ‘Limited’
goingbroke
Posts: 1,410
CPM Group explained that the tightness comes from the fact that refiners do not make 1,000 ounce bars, rather they make something called “silver shot” – also known as grain, powder, flake and/or sponge – because of demand from manufacturers.
“They do not waste time, money, and energy casting bars as their user clients do not want bars, and demand for sponge is very high due to increased demand in electronics and solar panels,” CPM Group said.
One-thousand ounce bars in silver purity of 0.999, the good delivery grade, are plentiful, but they said there is tightness in the higher purity 0.9999 and 0.99999 for two reasons. One, investors are buying more metal and two, refiners would rather sell higher purity silver in sponge, not bars.
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“They do not waste time, money, and energy casting bars as their user clients do not want bars, and demand for sponge is very high due to increased demand in electronics and solar panels,” CPM Group said.
One-thousand ounce bars in silver purity of 0.999, the good delivery grade, are plentiful, but they said there is tightness in the higher purity 0.9999 and 0.99999 for two reasons. One, investors are buying more metal and two, refiners would rather sell higher purity silver in sponge, not bars.
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(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
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Comments
I just find it so hard to believe what anybody says at this point.
They all lie for their own advantage.
Seems it's getting tight again after a few weeks of available supply, at least what I'm looking at with the American Silver Eagle area.
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<< <i>Anyone noticing a big delay of shipment and shortage of silver from some major dealers?
Seems it's getting tight again after a few weeks of available supply, at least what I'm looking at with the American Silver Eagle area. >>
I don't see what you're seeing with APMEX........lots of ASE's available, if you're willing to pay the price, along with Philharmonics & Maples.