Rare-earth elements have dived out there, yet there is still demand for physical coins in the middle of the coronavirus outbreak, this according to Phil Streible, primary market strategist of Blue Line Futures.
" I can inform you something, I called about the last couple of days trying to buy physical steels, specifically physical silver, and silver was a $1.50 to $2.00 over place, so there is a hidden need that is available today, just extra on the physical side," Streible told Kitco Information.
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Silver prices plummet as mints can’t keep up with demand
Precious metals have plunged in the markets, but there is still demand for physical coins in the midst of the coronavirus outbreak, this according to Phil Streible, chief market strategist of Blue Line Futures.
“I can tell you one thing, I called around the last couple of days trying to buy physical metals, specifically physical silver, and silver was a $1.50 to $2.00 over spot, so there is an underlying demand that is out there right now, just more on the physical side,” Streible told Kitco News.
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