Andy Schectman: Exchanges Are Bleeding Silver; There’s Not Enough For Everyone

Liberty and Finance, Released on 10/25/22

The LBMA and COMEX silver inventories are at or near all-time lows. Andy Schectman, CEO & president of Miles Franklin, explains how on the exchanges there are many more claims for silver than there are the actual physical bars immediately available. But investors are requesting physical delivery, bleeding inventories on the major exchanges. On the retail level, supply is being drained as well, and there is no end in sight.

0:00 Intro
2:37 Energy crisis
19:18 LMBA & COMEX
24:58 Retail premiums
30:09 Silver price
38:00 Weekly special

Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm’s operations and business functions; including strategy and planning, account management, finance, and new business.

Notify of

Inline Feedbacks
View all comments