The US Mint has just notified Authorized Dealers that it is ENTIRELY SOLD OUT of Silver Eagles, and WILL NOT TAKE FURTHER ORDERS UNTIL AUGUST 2015!
This morning we warned that a massive jump in silver premiums was imminent as premiums on 90% silver had tripled in the past 48 hours.
Less than 3 hours later, that has been confirmed as the US Mint has just SOLD OUT ENTIRELY of all Silver Eagles and suspended sales for at least 3 weeks.
The Mint also advised when sales resume Silver Eagles will once again be on allocation.
Wholesale premiums instantly jumped 50% on the news…for the few authorized dealers who had any coins remaining in inventory.
We will keep you updated as the silver shortage progresses.