The US Mint reported another 300,000 oz of 2013 Silver Eagles sold Friday, bringing the 1 week sales total to what is believed to be a record 4.782 million ounces!
With nearly 3 full weeks remaining in 2013, the US Mint sales totals are set to shatter January 2011′s all-time monthly record of 6.422 million ounces.
We are seeing absolutely unprecedented and astonishing demand for ALL forms of physical silver over the past 3-4 weeks at SDBullion.
( oz. / #coins )
There is currently an extreme wholesale shortage of 90% silver, and our primary wholesale supplier Friday increased the premiums over spot they charge retail suppliers such as SDBullion by 100% overnight on the 1oz buffalo rounds.
Wholesale silver premiums on generic 1oz rounds literally doubled overnight, in the face of record breaking demand for US Silver Eagles reported by the US Mint, and a developing shortage of 90% silver.
Meanwhile, the manipulated paper futures price of silver remains range-bound near $30.