When to my PM dealer to sell the rest of my silver
They were closed
Bullshit Shitcoin
Discussion
If the dealer thinks, PM are over priced, they'll just close the store and stop buying
Illiquid Market
I have experienced this very thing. The same price moves that make precious metal holders decide to sell makes the dealers uninterested in buying. Paper prices are NOT the same as street level physical trade prices.
The lack of places to spend or sell self custodied metals eventually dries up all the liquidity driving paper prices higher.
Shiny rock mania dies down once a shortage of greater fools occurs.