American physical investors have been spoiled by low Gold & Silver premiums as people cash out their metals for various reasons. It’s not going to last forever. The situation outside of the USA is quite the opposite already.
Shortage of Physical "Readily Available" Deliverable Gold and Silver continues this week. ***No sign of any change on horizon***
You could easily say the next step is Price & Premiums go higher.
"Just wait for when the retail buyer wakes up"