Loading ...I can’t agree with that assessment entirely.
Once the specs are forced out of their paper/electronic speculations physical shortages will finally play a roll. I just called my dealer and you can’t get through. It’s been like that for days.
North American silver bullion investment demand is down 95% from 2011 levels.
Just to return to those levels will wipe supplies out — including anything JPM has.
Factor in new demand as continued virus problems in years to come play into the formula and it’s to the moon Alice at some point.
Maybe next year or the year after.
Cheers.