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As logistics in the bullion market have actually improved over the last couple of weeks, costs on silver and gold products have actually declined, and extra stability can be expected moving forward, this according to Peter Hug, Global Trading Director of Kitco Metals.
" We're starting to see the supply chains open, and to give you an anecdotal example, I have actually obtained shipments because we have a Hong Kong office. Two weeks ago, it would have taken me two weeks to simply obtain a quote. I called this morning, as well as within 3 hrs I obtained a quote," Hug told Kitco News.
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Are fabrication premiums normalizing? Peter Hug clarifies
As logistics in the bullion sector have improved over the last few weeks, premiums on gold and silver products have declined, and more stability can be expected going forward, this according to Peter Hug, Global Trading Director of Kitco Metals.
“We’re starting to see the supply chains open up, and to give you an anecdotal example, I’ve got shipments because we have a Hong Kong office. Two weeks ago, it would have taken me two weeks to just get a quote. I called this morning, and within three hours I got a quote,” Hug told Kitco News.
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