The United States Mint recently announced that it set a yearly record for sales of one ounce American Eagle silver coins with over 40 million units sold in 2013, slightly ahead of the previous record of 39.9 million ounces set in 2011. With 500,000 of the silver coins bought, according to the latest mid November report, the total quantity for the month hit a staggering 1,000,000 in just the first two weeks of November.
In January 2013, sales of the American Eagle hit nearly 7.5 million ounces, and 2013 demand has remained strong since then. Domestic buyers as well as China remain bullish, adding to reserves in the face of a decline in the price of silver that has rivaled the famous1981 retracement. Buyers of silver bars, coins and jewelry also continue their aggressive purchasing and lower prices have encouraged both new buyers and those adding to positions. Silver investors [...]