Silver Expert David Morgan Joins The Show & Breaks Down the Two-Month Rally In The Metals:
- Is A MAJOR Bull Move Just Getting Started, Or Is Yet Another Cartel FLUSH Coming?
- Regardless Of What’s Next, Morgan Believes If You Can Buy Silver Under $20/oz, It’s A Gift!
- The Famous Silver Investor Reveals Dollar Cost Average For His Personal Silver PositionA Must Listen Metals & Markets Starts Now:
US Silver Bullion Update:
January sales of Silver American Eagle Coins came in strong at 5,127,500 coins, but February tells another story. With 8 business days of sales- nearly 2 weeks- the US Mint has only sold 250,000 coins month to date – indicating that the 5.1 million January number was likely mainly due to inventory building by the wholesalers and AP’s.
So while demand is strong in historical comparisons, it’s been fairly subdued compared to what the market saw in 2015 and the first half of 2016.
Premiums on bags of 90% silver coins continues to creep down as well, another indication that the market currently has plenty of physical silver inventory to meet demand.