Silver Demand High, What’s a Realistic Price? | Nick Barisheff

Nick Barisheff was interviewed by Charlotte McLeod of Investing News Network.

The silver squeeze story has been making headlines for months now, but even with this increased attention, the white metal’s price remains below the US$30 per ounce level.  Nick Barisheff, president and CEO of BMG Group, pointed out that people are paying closer to US$50 for an ounce of silver on sites like Amazon and eBay. “I think the US$50 price is more realistic … it’s not a theoretical ask price — people are buying coins and so on at that price. So as time goes on, it’s a good area to monitor for what the real physical price is,” he explained.

Barisheff said it’s clear that demand for physical silver is high, and noted that aside from retail buying, more COMEX participants are requesting physical delivery of the metal.

When asked why prices for silver and gold aren’t higher considering the numerous positive influences at play right now, Barisheff said he believes market manipulation is to blame.

0:00 – Intro
0:26 – COMEX update – more people want physical
4:55 – BIS rule change and unallocated accounts
7:04 – Putting a fair price on silver right now
10:29 – Nick’s inflation expectations for 2021
13:40 – Industrial users need to secure supply
17:22 – Why aren’t gold and silver prices higher?
21:00 – Final words from Nick and outro