If you have been trying to buy silver bullion in the Edmonton area over the last few days, you may have noticed some changes. The most dramatic change is that supply is running out, and physical silver has been back ordered 4-6 weeks. Most Edmonton bullion dealers, either have zero stock or they are limiting their customers to certain “maximums” per sale. One of the most popular silver bullion items, the 1 Oz Canada maple is not surprisingly the hardest to find.
Due to short supply, the premiums charged on physical sliver bullion have been climbing, even though in some cases the actual spot price of the metal has gone down. I have heard this being referred to as a “dis-connect”, because the prices of physical silver have become disconnected from the spot price.
Why is silver bullion so hard to find in Edmonton? Well, it’s not just Edmonton, it’s back ordered everywhere. Nothing about the fundamentals that have made silver a good investment have changed and most investors have realized this. This investor’s are taking advantage of the dip in prices to ” top up” their positions, which is creating this consumer driven demand in the physical silver market. It very well seems that the paper price of silver is being artificially manipulated lower by big institutions shorting the silver on paper.
How else can you explain, the shortage of physical silver while spot prices are flat or dropping? Anyways, the good news is I have been able to get some supply in my hands, for my clients. If you would like to pick up some bullion today, I do have a very small amount of government minted coins and generic rounds available to purchase. You can call us to place an order at 780-628-6895.
Gotta Fly – Aaron