Wall Street Mav|Dec 31, 2025 19:07
CNBC is reporting that Chinese and India industrial buyers are reaching out to silver mining companies and offering to buy silver at $8 to $10 above the SPOT trading prices.
Samsung has also announced deals with Silver mining companies to buy direct.
Usually a silver miner will sell their silver (concentrate or dore bars) to a refinery, then the refinery further purifies it to .999 bars. Then those pure silver bars are sold to the market.
The fact that buyers are trying to skip the refineries and secure their supply direct from the mining companies, indicates supply stress.(Wall Street Mav)
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