Loading ...Simple supply and demand. Seems the guy who offered $100 under spot just has more people selling to him than looking to buy. Once he has more buyers than sellers, he’ll pay a higher price for more inventory.
I believe in the near future, these smaller dealers are going to have bigger buyers coming in and buying out their stock. That’s when he’ll start offering over spot for more metals. Right now I suspect the little guys are still looking to sell.
Really the same dynamic in the markets, once people in the US start to see pm’s outperform everything else, they’ll jump into ETF’s and miners. This is the first year we’ve done well in a long time. I think they’ll figure it out that the trend is going to continue pretty soon and start to get on board.