Comment: You Are Correct

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You Are Correct

For every buyer there is a seller. It's just that a single seller has more than one buyer.
It means that at the retail level people are still purchasing physical gold and silver from coin/bullion dealers, whereas few people are selling their precious metals to dealers (yet).
Prices have been dropping due to the speculative activity on the major commodity exchanges around the world whose volumes dwarf the physical markets.
People will likely continue to buy at the retail level as long as they believe the prospects for higher precious metals prices in the future are good, and provided they continue to have the disposable income to do so.