In this week’s talk with National Numismatics’ Tom Cloud, they cover the debt ceiling negotiations, futures contract expirations and the activities of his biggest customers (they’re buying silver).
suppliers want a bigger premium because you’re taking their inventory. It used to be that the bigger the order the deeper the volume discount but with silver in backwardation [where the spot price is above the 1-month futures price] they want a higher premium for an order this size. So the more you want the more you have to pay.
?The More Silver You Want, The More You Have To Pay?
suppliers want a bigger premium because you’re taking their inventory. It used to be that the bigger the order the deeper the volume discount but with silver in backwardation [where the spot price is above the 1-month futures price] they want a higher premium for an order this size. So the more you want the more you have to pay.
?The More Silver You Want, The More You Have To Pay?
