Physical demand for gold is on the rise, but so is silver’s

Summary: Following last month’s dramatic drop in gold and silver prices, demand for physical bullion skyrocketed. So far this year, the U.S. Mint has sold around 19 million 1-oz silver coins. Anthem Vault CEO Anthem Blanchard says that so far in May his company’s “physical silver sales to clients are currently outpacing physical gold sales by a large margin.” Blanchard goes on to explain that when spikes in physical demand occur, physical silver becomes harder to obtain than gold because there is less above ground supply of silver than gold. Read more…