Part 3/7:
Major Tucker from Major Tucker Coin & Bullion shared similar observations. His comment that he was selling silver rounds at spot price reflected a drastic attempt to attract buyers amid a stagnating market. He explained that the violent fluctuations in silver's spot price had created an environment of uncertainty, causing potential buyers to hesitate and opt to hold off purchases.
As consumers had previously grown accustomed to higher prices, current market conditions made many hesitant to buy, waiting it out in hopes of future dips. The supply-demand equation had tipped heavily in favor of sellers, resulting in surpluses of silver with limited buying interest.