15 June 2010
Silver Supply dries up in United Kingdom
UK branded Silver in short supply drives Silver premiums upwards
BullionSupermarket.com has reported "tight and tightening" small Silver bullion supply in its UK territory. Its price comparison service which provides price information on more popular branded silver bullion bars has seen UK availability of Silver shrink from an already depressed average of 95 lots finishing at any one time to 21 lots as of yesterday.
Tightening of supply has seen premiums pressured upwards in the UK. UK fixed price silver premiums are currently running at 46% over fix. Meanwhile no such shortage of branded Silver bullion has been in evidence in the US, with fixed price Silver bullion item premiums running at 28%.
Tight supply in the UK may possibly be due to increased demand from small investors in the European Union draining Silver, and other precious metal, from the market.
Extension of the BullionSupermarket.com price comparison service is planned to be extended to a number of European Union territories this Summer.