There is really quite a bit of silver available on the market right now which is keeping the price down. With the economy being what it is, many have sold their silver holdings to pay bills, mortgage, etc.
This trend started last year with jewelry stores and pawn shops considering an increase in the sale of silver coins explicitly, *junk silver” as the price went towards $10.00 then and due to the economic problems commencement then.
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No. And stock markets “going down” don’t necessarily ride in tandem with a “weak $.”
Demand for precious metals is usually driven by dread of inflation, dread of fiscal institutions or just plain speculation.
There is really quite a bit of silver available on the market right now which is keeping the price down. With the economy being what it is, many have sold their silver holdings to pay bills, mortgage, etc.
This trend started last year with jewelry stores and pawn shops considering an increase in the sale of silver coins explicitly, *junk silver” as the price went towards $10.00 then and due to the economic problems commencement then.