Andy Schectman on Silver

Andy Schectman is the President and CEO of Miles Franklin, one of the largest and most respected precious metals dealers in the United States. Founded in 1989, Miles Franklin has facilitated billions of dollars in precious metals transactions for individual investors, institutions, and retirement accounts.

With over three decades in the precious metals industry, Schectman has become one of the most recognizable voices advocating for physical silver ownership. He regularly appears on major financial media outlets including Kitco News, Stansberry Research, WallStreetSilver, and numerous precious metals podcasts.

Unlike many commentators who focus purely on price predictions, Schectman emphasizes the structural fundamentals of the silver market - particularly the disconnect between paper derivative contracts and physical metal availability.

Schectman's investment thesis centers on a fundamental belief: the physical silver market is in severe deficit, and paper prices do not reflect reality. He argues that when the paper market finally fails to deliver physical metal, prices will need to adjust dramatically higher.

The Shortage Thesis

Schectman frequently points to real-world supply constraints: mints running behind on production, delivery delays stretching to weeks or months, and premiums on physical silver remaining elevated above spot prices. He sees these as evidence that official "spot" prices do not reflect true physical supply and demand.

"When you call the mint and they tell you delivery is 12 weeks out, that is not a functioning market. That is a shortage being hidden by paper price manipulation."

The Manipulation Argument

Schectman is unequivocal about silver price manipulation. He points to the $920 million fine JP Morgan paid for spoofing precious metals markets as proof that manipulation is not theory but documented fact. He believes the concentrated short positions held by a few major banks continue to suppress silver prices.

Central Bank Accumulation

A key theme in Schectman's analysis is central bank behavior. He notes that central banks have been accumulating gold at record rates while simultaneously promoting fiat currency. His interpretation: central banks are preparing for a monetary reset that will revalue precious metals significantly higher.

Andy Schectman is one of the most interviewed precious metals experts in the industry. His regular appearances provide updated analysis on silver market conditions, supply constraints, and price predictions.

Schectman's investment recommendations focus on physical ownership and avoiding paper derivatives:

• Physical Silver Coins and Bars: Government-minted coins like American Eagles, Canadian Maples, and low-premium bars from reputable mints.
• Precious Metals IRAs: Rolling over 401(k)s and IRAs into physical silver for tax-advantaged accumulation.
• Avoid Paper Silver: He consistently warns against SLV, unallocated accounts, and futures contracts that may not be backed by physical metal.
• Dollar Cost Averaging: Building positions over time rather than trying to time the market.
• Diversification: While bullish on silver, he recommends a mix of gold and silver based on individual circumstances.