Silver Market Collapsing, Dealers/Mints Shutting Down | Andy Schectman

Andy Schectman of Miles Franklin reports from Aruba that the London silver market is experiencing an unprecedented liquidity crisis, with massive backwardation and lease rates soaring above 100%, surpassing even the 1980 Hunt Brothers silver squeeze. Schectman describes premiums on U.S. Silver Eagles and Gold Eagles skyrocketing as inventories across mints, refiners, and wholesalers dry up, creating what he calls a “broken market.” He warns that the divergence between spot and futures prices is making it nearly impossible for dealers to hedge, leading some major wholesalers to temporarily halt trading. According to Schectman, the stress on COMEX and LBMA signals a global shift toward physical metals as investors lose faith in paper contracts. He advises buyers to cost average their positions rather than wait for a pullback, emphasizing that this time “feels different” and may mark the beginning of a systemic shift in the precious metals market. WEEKLY SPECIALS (while supplies last!) 100oz Silver Engelhard Bars: $2.70 over spot/oz 1oz Gold Britannia: $75 over spot BU $20 Gold Saint Gaudens: $85 over melt CALL US: 1-888-81-LIBERTY (1-888-815-4237) or email your name and phone number to [e-mail] INTERVIEW TIMELINE: 0:00 Intro 1:30 LBMA liquidity squeeze 4:00 Premiums skyrocket, dealers shutting down 24:07 Weekly specials _____________________________ Subscribe for our FREE newsletter - #1 place for gold & silver news & commentary: http://libertyandfinance.com _____________________________ Liberty and Finance LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Liberty and Finance website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Liberty and Finance to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Liberty and Finance LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734. The Information presented in Liberty and Finance is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. YOU SHOULD NOT MAKE ANY DECISION, FINANCIAL, INVESTMENTS, TRADING OR OTHERWISE, BASED ON ANY OF THE INFORMATION PRESENTED ON THIS FORUM WITHOUT UNDERTAKING INDEPENDENT DUE DILIGENCE AND CONSULTATION WITH A PROFESSIONAL BROKER OR COMPETENT FINANCIAL ADVISOR. You understand that you are using any and all Information available on or through this forum AT YOUR OWN RISK. Some or all of this video description and timeline has been written by AI tool: https://chatgpt.com/ All Rights Reserved.