Demand for PHYSICAL SILVER sends PREMIUM PRICES higher

The U.S. MINT and American Silver Eagles

*****PRECIOUS METALS ALERT*****
 

Physical silver market seeing higher premium prices

Coin collectors and precious metals enthusiasts including gold bugs and silver stackers are encountering higher premium prices attached to their precious metals products.  Some say this is the result of a notable increase in demand for these products regardless of recent falls in the spot price as seen on the futures markets.  This is actually verifiable on the U.S. MINT website for sales of American Silver Eagle coins as the American Eagle market data put out by the U.S. MINT shows a confirmed increase in demand which is also being reported by several sources including Drutter and other notable silver consultants in the financial community.

U.S. MINT is not meeting public demand

Notice that the U.S. MINT by law is required to produce enough American Silver Eagle coins to meet public demand and has not been doing so.   This is both illegal and unacceptable.  It is also being reported that the U.S. MINT is reporting a silver shortage.  Learn more below:

The price of PROOF ROUNDS is climbing

Here's a SILVER enthusiast that's not happy with the price increases.  However if you look on EBAY at many of these products you will find that they are selling higher and higher. 

Many collectors and dealers are trying to stock up now on silver anywhere they can get it.  A recent news report from J.P. Morgan analysts suggest that a bottom may be in now in the gold market.  This is an obvious precursor to silver prices moving much higher.  In the meantime even the premium prices are rising.
http://traderdannorcini.blogspot.com/2014/01/j-p-morgan-bottom-may-be-in-for-gold.html

Silver which also is experiencing a rising industrial demand has been known to coin collectors as "poor man's gold."  However there are some that say that the price of silver could rise exponentially in a short time frame and whilst there has been a large short interest in this market a giant short squeeze may be about to occur.  A growing number of analysts are even expecting the price of silver to exceed $100 per ounce in the very near future.  Perhaps silver will no longer be considered the "poor man's gold."

Since I am an auctioneer I study products and markets including that of precious metals.  It is imperative that I have a handle on product knowledge and prices.  Although I'm not making any forecasts at this point I am noticing an increasing interest in buyers looking for silver and gold items, especially coins and related bullion products.  We are starting to see higher sales prices again.

...developing...