Volatile Gold and Silver Strain Local Coin Shops Amid Refinery Backlogs

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

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.

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