Andy Schectman Explains Gold and Silver Repricing: Implications of Major Delivery Interest

As precious metals markets navigate their evolution, Andy Schectman, president of Miles Franklin, brings critical perspective to the ongoing repricing of gold and silver. His analysis highlights how the fundamental drivers supporting these commodities remain firmly in place despite short-term market volatility.

Understanding the Repricing Dynamic

According to Schectman, the current market environment demonstrates that gold and silver are undergoing a meaningful repricing phase. This process reflects growing institutional participation and what industry observers describe as “big money standing for delivery”—a technical indicator suggesting serious commitment to physical accumulation rather than speculative trading.

“Nothing moves upward in a straight line without taking a breather,” Schectman explains, capturing the reality that short-term pullbacks are a natural component of longer-term bull markets. The critical insight here is that these corrective phases don’t negate the underlying thesis; instead, they coexist with sustained bullishness.

The Bullish Case Remains Intact

Schectman emphasizes a crucial distinction: tactical pullbacks and strategic bullishness operate on different timelines. For investors tracking precious metals, his position is unambiguous—the long-term fundamentals driving gold and silver valuations persist. The repricing we’re witnessing reflects a market recognizing that previous valuation levels may have underestimated these assets.

The appearance of major money taking physical delivery positions underscores confidence in sustained demand. This behavior contrasts sharply with speculative cycles, where most participants remain in paper markets rather than securing physical holdings.

For those following market developments closely, Andy Schectman’s perspective aligns with the view that current volatility represents opportunity rather than capitulation—a distinction that separates conviction-based investors from trend-followers in the precious metals space.