The record silver demand is absolutely no surprise.  The message that physical supplies are very low is starting reach some investors.  Volume and interest in juniors is likely to increase when the price of silver gets closer to $40.  Major and mid-tier producers will run first, then smaller producers like UC will follow.  Stay tuned.

 

RECORD US MINT SILVER EAGLE SALES CONTINUE, MINT ON PACE TO SELL 15 MILLION SILVER EAGLES IN JANUARY!

January 15, 2013

 

The US Mint announced another 300,000 silver eagles sold Monday, bringing the 6 day sales total to an astonishing (and record pace) of 5.082 million ounces!


As silver eagle production was shutterred until January 7th, the Mint is on pace to sell nearly 15 million silver eagles in the first month of 2013, which would be a record ANNUAL sales total as recently as 2007! (9 million ounces sold for all of 2007). 

 


2013 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 5,082,000
5,082,000
Total 5,082,000
5,082,000


With more than half the month of January remaining, at this point a new all-time monthly silver sales record for the mint is all but in the bag- provided that the mint does not decide to shut down production again.


Provided the Mint continues production (not necessarily guaranteed given it’s track record), it appears January silver eagle sales should easily come in at 7-8 million ounces, shattering the January 2011 monthly all-time sales record of 6.422 million ounces.

2011 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 6,422,000
6,422,000