Andy Schectman: Silver premiums continue to come down

Arcadia Economics, Released on 6/25/22

After seeing silver premiums spike earlier this year amidst a shortage of many silver products, in this week’s silver report, Andy Schectman of Miles Franklin talks about how silver premiums have come down in recent weeks.

Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.

Chris Marcus worked 2 years at bond rating agency Moody’s, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia’s Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin,, and several others.

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Yes, the price is dropping depite all the hoopla about incredible demand. Silver Eagles that were selling for $40 have dropped 20% in price on the physical market.

Let’s see, it’s another buying opportunity, right?

Maybe good news for some, but not so good for those over 70 who have been deeply invested for a decade and need to convert some silver for living expenses.