Sales of 1-Ounce American Silver Coins Soar, U.S. Mint Says

January 19, 2011, 2:36 PM EST Jan. 19 (Bloomberg) -- Sales of 1-ounce American Eagle silver coins are headed for a record this month, according to data from the U.S. Mint. About 4,588,000 coins have been sold in January, according to data on the Mint website. That would be the highest monthly total since sales began in 1986. Silver futures for March delivery dropped 11.1 cents, or 0.4...

European Silver Shortage Spreads To UK - 01/17/2011

On Friday we disclosed that major PM distributor, retailer and trading house BullionVault.com had run out of physical silver inventories in Germany (and possibly elsewhere) and was advising clients to seek the precious metal elsewhere. Today, we find that the UK joins Germany in what is now becoming the second round of the global silver...

US Mint Reports Unprecedented Buying Spree Of Physical Silver

Three days ago we noted that in just the first week of January, the US Mint had sold 2,221,000 ounces of silver "a number which if run-rated would be an absolutely all time monthly record," A quick glance at the tally today, shows that something very scary is going on. In the subsequent three days, the number has surged by 50% and has hit 3,407,000 ounces of silver! In just the first 12 days...

Silver sees largest yearly gain in at least 30 yrs

(Reuters) - Silver scored an 80 percent gain in 2010, its largest in at least 30 years, according to Friday's fixing, due to rising demand from investors seeking a cheaper safe-haven than gold and to tap into its exposure to the industrial growth cycle. The silver price fixed at 3,063.00 U.S. cents an ounce versus 3,070.00 cents...

Silver to pilot bullish commodity rally in 2011

NEW YORK (Commodity Online): As 2010 ends to a close, it is brightness in the commodities trading space globally. Throughout the year, all commodities—ranging from base metals, precious metals and agricultural produces—are all up in value, cheering commodity stocks and heralding bullish run for commodities in 2011. Gold, silver and copper have led the metals commodities price boom in 2010. Though...