Silver Bullion COMEX & London Piles Shrink at Unprecedented Pace

Recent silver spot price selloffs propel unprecedented silver bullion market demand. Especially on the retail side with retail buyers picking up thousands of ounces of silver bars and silver coins.

Late last week, fiat Federal Reserve Chairman Jerome Powell addressed his western central bank allies and the larger investing world at the annual Jackson Hole meeting. His speech of eight and half minutes can be boiled down to the following 30 seconds of hawkish inflation fighting tough talk.

Taken at their word, the Federal Reserve plans to raise its Federal Funds Effective Rate again soon ahead. Currently sitting at a paltry 2.33%, the fiat Federal Reserve note or fiat US dollar continues losing likely negative double-digit percentages in real purchasing power on an annualized price inflationary basis.