Friday, 17 January 2014

Silver Coin Premiums Set To Climb On Reduced Supply

Sales of silver American Eagles rose to an all-time high of 42.675 million ounces in 2013. Purchases jumped to a monthly record in January 2013, and the mint suspended business for a week because of a lack of inventory.

The silver bullion coin market is tight with strong hands refusing to sell and mints rationing supplies. Silver's sharp fall is seeing the smart money continue to accumulate silver coins while supply is available and premiums still relatively low.

Separately, the Perth Mint has announced that they have sold out of their silver bullion coin - the one ounce 2014 Australian Kookaburra.

Silver has climbed 8.9% from a five-month low at the end of 2013.


- Source, Goldcore:

Like this post? Subscribe to our free gold and silver newsletter