People are Holding Onto Their Silver | US Mint AP President

While some people are selling back their gold, few are selling back their silver. US Mint Authorized Purchaser MTB Roy Friedman says people are holding onto their silver. Silver is “the investment that people do not sell back.”

As for the near term market prices, Friedman says precious metals may go lower. While demand for physical gold and silver has improved over the last couple weeks, it is still weak, he says. However, in the long term, he sees much upside potential for gold, silver, and other precious metals.