Volatile Gold and Silver Strain Local Coin Shops Amid Refinery Backlogs

1 min read
Source: Business Insider
Volatile Gold and Silver Strain Local Coin Shops Amid Refinery Backlogs
Photo: Business Insider
TL;DR

After a January spike—gold topping $5,300/oz and silver near $120—prices have stabilized in February, but local coin shops are feeling the squeeze as refinery backlogs slow processing and reduce cash flow; shops are limiting daily buys to manage risk while continuing to serve customers.

Share this article

Want the full story? Read the original reporting

Read on Business Insider