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Some silver dealers chase supply as retail frenzy hots up, but China and India stay cool - Vimarsana News

Some silver dealers chase supply as retail frenzy hots up, but China and India stay cool

3 Min Read Feb 1 (Reuters) - A GameStop-inspired frenzy of retail investment in silver has left physical dealers from the U.S. to Singapore scrambling for bars and coins, but the rush to buy was much more muted in the leading Asian consumers of physical bullion, China and India. Silver prices extended a blistering rally on Monday as small investors answered calls on social media last week to buy the metal to push up prices. “There are massive shortages. We’ll be completely out of stock if it carries on like this; the first time since our company opened in Singapore 7 years ago,” said Da...

Silver dealers scramble to find supplies for retail buyers - Vimarsana News

Silver dealers scramble to find supplies for retail buyers

4 Min Read (Reuters) - A retail investment frenzy in silver driven by social media has left dealers from the United States to Singapore scrambling for bars and coins to meet demand. FILE PHOTO: A quality control agent examines a 2013 enhanced silver eagle silver coin at the United States West Point Mint facility in West Point, New York June 5, 2013. REUTERS/Shannon Stapleton Silver prices extended their rally on Monday to an eight-year high as small investors answered calls on social media last week to buy the metal to push up prices. Retail investors cannot directly access the wholesale sil...