Physical Gold and Silver are in short supply at present, some mints in the USA have been shut for over a month. Dealers are buying Silver for over spot price just to get stock to on sell to appease demand. There were several attempts last month to short the Silver market that was foiled by a wall of buyers. Local bullion dealers in Australia are short of Silver, even the Perth Mint has stock limited to the premium coins. Gold market are see increase interest from Superannuation funds with clients seeking to protect thier wealth from the Quantitative easing dilution of currency. Many commentators have noted there are new faces on the precious metals exchanges that are primarily interested in holding product and not to trade or speculate.
