The bigger story is that silver has been one of the standout performers this year, and the pace of the move is forcing investors to look past the headline price...
Silver jewelry and coins will be allowable as collateral. Bullion, including bars, and financial products such as ETPs and mutual funds will remain ineligible.
Two months ago, we saw metal get shipped from the COMEX over to London to address the shortage there. But now the spread has swung back in the other direction...
The silver market is still awaiting the government Section 232 report, which would finally determine the tariff status of silver now that it’s been added as a critical mineral.
Silver is up 92.8% so far, guaranteeing that it should have its best year since 1979. With it thrusting out to new all-time highs, the breakout suggests it could make even higher highs.
