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APMEX Raises Minimum Silver Purchase to $20,000 as Trading Volume Surges 7-Fold
Ken Lewis, CEO of APMEX, a company specializing in precious metals trading, announced that the minimum silver purchase amount has been increased from $10,000 to $20,000, a change implemented earlier this month, amid record trading volumes reaching approximately 7 times the usual levels.
Lewis explained in a statement that this decision comes as a result of historic increases in gold, silver, and platinum prices, as well as operational pressures caused by rising demand and recent harsh weather conditions affecting their operations in Oklahoma City.
He also confirmed that the company will maintain the minimum online purchase limit at $500, noting that these measures are temporary and aimed at improving service levels while ensuring the safety of employees and the quality of customer experience.