The uncertainty and volatility in the financial markets is having a significant effect on foreign exchange trading. With COVID-19 causing widespread panic across the globe, the values of unstable currencies have plummeted. Since the pandemic began, Lebanon, Brazil, and Iran have joined the club of countries with inflation exceeding 25%/yr.
No major changes in premiums in the past week from either a dollar or percentage basis relative to the paper spot price. Inventory levels in coins remain unchanged, and bars of 10 oz. or greater still remain virtually non-existent. Silver premiums remain significantly higher than those for Gold.