look like things kick off soon. Sunshine mint is increasing blank capacity. Will be keen to see the final January figures. Seems like it wont match recent years. http://www.coinnews.net/2014/01/13/american-silver-eagle-limited-in-sales-start/
Less appetite for physical silver. And they are also tapering this month. If it keeps going like this, we'll see silver head way down the slope. It may be a better time to buy during May-June-July... the warm months when quite often the PM prices drop!
True, but prices drop from the breakout leading up to Easter. You'll be lucky to ever pick up prices lower than today. Ever.
i wouldnt be suprised that it goes up due to tapering. Last couple of years bad news seems like good news and vice versa. When they announced qe3 before it after it i dont remember any positive price rises it might have stayed unchanged relatively in near term and we know what happened long term (qe3 start till present).
13 million sold so far this year, only 1.2 million shy of where we were this time last year. A credible effort given the blank supply issue at the start of the year.
a quite month last month at 2,692,000 but they're ahead of where they were last year by nearly a million.
a good month this september after being pretty slow. 32251000 sales through september this year as opposed to 36088000 september last year. off nearly 4,000,000 on this time last year put with 1,650,000 so far in october maybe we'll see another good month llike september.
Silver eagles just cracked a new yearly all time high sales. Good thing there is no demand so prices stay low :/
How many ounces are mined each year? It may be 50 millions isn't very much compared to the total. Also, these figures are not "lost" in small amounts. At least in theory, much of this silver could be back on the market providing a cap on silver prices.
Totals don't matter so much as does the trend line. Leo is demonstrating the increased demand in silver. It is being repeated across manufacturers. A good graph to see would be a cost per year of silver, weighted for inflation. It could be that 2010 and 2011 May have been the peak years based on $36 plus cost of silver.
