Eastern Silver Buying Is Draining Exchanges | Andy Schectman

Andy Schectman, CEO and President of Miles Franklin, emphasizes the significant drawdown in silver inventories on major exchanges, noting that this trend is driven by increased demand from Eastern countries. Contrary to the common belief that silver is merely an industrial metal, Schectman argues that it holds strategic value, which has led nations to aggressively deplete supplies from the LBMA and COMEX. The current inventory levels on these exchanges are among the lowest in their 140-year histories, reflecting a shift in how silver is perceived and valued globally. Schectman predicts that this heightened demand will propel silver to a significant revaluation, potentially seeing its price soar dramatically.

INTERVIEW TIMELINE:
0:00 Intro
1:20 Storage of metals
14:53 Currency devaluation
21:30 East moving toward gold & silver
33:30 Weekly specials

Source: https://www.youtube.com/watch?v=BDopd7Au-I8