Are Gold & Silver Now "On Sale"? | Andy Schectman

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Apr 7, 2026

Andy Schectman, co-founder and CEO of Miles Franklin and longtime precious metals dealer, discusses surging physical gold and silver deliveries and where that metal is flowing. He covers limits on COMEX inventories, how scarcity might unfold, geopolitical drivers like war and de-dollarization, and why junk silver looks especially attractive right now.

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INSIGHT

Record Physical Deliveries Leaving COMEX

COMEX deliveries and physical removals are running at unprecedented, sustained levels with billions moving monthly.
Andy Schectman cites March and April first-notice figures and 2 million ounces leaving eligible storage as evidence of a persistent physical drain.

INSIGHT

Price Drops Can Mask Aggressive Global Accumulation

Price declines have acted as a misdirection while large global buyers, notably China, aggressively accumulated silver.
Andy notes China recorded its largest monthly silver inflow after silver's price was hit, showing accumulation despite lower prices.

INSIGHT

Paper Contracts Far Exceed Deliverable Metal

Open interest versus deliverable metal is extremely out of balance, creating a genuine delivery risk unlike past cycles.
Andy highlights that historically 99%+ of contracts never stood for delivery, but that incentive is now being exploited.

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TO TAKE ADVANTAGE OF ANDY'S JUNK SILVER OFFER go to https://thoughtfulmoney.com/buygoldAre gold and silver prices now "on sale" given how much the metals have corrected despite the raging war in the MidEast?Precious metals expert Andy Schectman thinks so. And when it comes to pre-1965 US coinage (aka "junk" silver), Andy thinks silver is trading at the best value he's ever seen in his long career.To learn why, watch this video.#goldprice #silverprice #preciousmetals _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.All the details on Thoughtful Money's relationship with the financial advisors it endorses, many of whom regularly appear on this program, can be found in the following documents. We highly recommend you review these documents as they cover the terms that will apply should you choose to work with one of these firms at any time after watching this video.Thoughtful Money Disclosure Document: https://thoughtfulmoney.com/wp-content/uploads/2023/12/Thoughtful-Money-Disclosure-Document-12.6.23.pdf?pid=227Thoughtful Money Agreement: https://thoughtfulmoney.com/wp-content/uploads/2024/11/Thoughtful-Money-Agreement-Agreement.docx?pid=227IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.