At Swiss dealer Gold Avenue, said CEO Alessandro Soldati: “Everyone is calling us saying ‘I want to buy gold and silver.’”
NEW YORK: Retail sites for silver have been overwhelmed with demand for bars and coins, suggesting the frenzy that roiled commodities markets last week is spilling over into physical assets.
Sites from Money Metals and SD Bullion to JM Bullion and Apmex, the Walmart of precious metals products in North America, said over the weekend they were unable to process orders until Asian markets opened because of unprecedented demand. Buying continued yesterday, and both spot and futures silver prices spiked up to breach US$30 an ounce.
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