Does somebody have a reasonable explanation for this?

Just to let anybody know that is interested, today I got the order I placed on May 6th. That's 2 weeks to get 10 oz of in stock silver, that was paid for on the 6th with a credit card, not a mailed check or any other delayed payment ordeal.

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Out of curiosity, when did the order post to your account (the date actually associated with the charge on the statement). My guess is that it was probably around the 16th and not the 6th.

 

The shortage before the drop is a classic example of supply and demmand. When silver was at 49 alot of buying was going on and neither of the b and m stores near me could keep ase on the shelf. I believe right now nobody wants to take a bath on bullion purchased above the fourty dollar mark, and that especially means the big outfits where big volume could mean BIG losses.

 

Back on 4/25 there was supposed to be a shortage of "physical silver". Now they're hoping for the price to go back. Of course, if there's still a shortage of physical, they could command a higher price.

 

It was posted in pending transactions on the 6th and was cleared on the 9th. (pended Fri and cleared Mon) So they had the money on the first possible day they could've shipped it.

edit: I just checked my account and the posting is for the 6th so I did go off wrote memory. I placed the order at about 1am mountain time on the 6th and it is normal for the payment to clear my account on the next business day, which would be Monday.

I'm not complaining, just stating the facts or "situation of business" PM dealers are in right now from my personal experiences.

Many of you keep posting that they're holding out so they don't take a loss. I'll tell you right now that if they're doing that for this amount of time, 3 weeks, they might as well close up shop and forget it. You take a look at many of the online dealers that offer competitive pricing on 1 ounce govt coins, and private mint rounds and bars and you'll see that most have ship dates of mid-June or later. They don't have the inventory, and if they're sitting on their inventory with the short margins they work on, they have serious cash flow issues right now. They may have lived in fat city for the last few months, but not fat enough to sit on something they make 10% on, and face the fact that the replacement cost is way less than if they bought right at the end of April.

Sometimes I wonder???