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| – Market Conditions Report –
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| Silver prices have drifted under $23 per ounce in recent days, and gold is now trading under $1,940. |
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| Silver coin, bar, and roundpremiums continue to fall on overall softening in retail demand. Volume is substantially lower than the March to May period, allowing all mints to clear out production backlogs many weeks ago.
The notoriously mismanaged U.S. Mint has suddenly doubled Silver Eagle production because silver blanks are now readily available from the government’s sole-sourced supplier. |
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| Poor planning practices at the U.S. Mint, including an apparent refusal to stockpile extra silver blanks during periods of market slack (such as now), have caused a steady erosion in the market share of this once extremely popular U.S. silver coin.
Investors have grown weary of dramatic whipsaws in Silver Eagle premiums and have increasingly turned to the products of other sovereign mints and privately minted rounds and bars, which offer greater value and less volatility.
A new black swan event in the banking sector, Fed news out of this month’s Jackson Hole summit, and the upcoming BRICs meeting in South Africa could provide catalysts for new moves in gold and silver prices. |
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Other Great Options to Consider
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| This copyrighted material may not be republished without express permission. Offer only available through email promotion. Offer does not apply to previous orders and may not be combined with any other offer or program. Special shipping rates or other restrictions may apply to international orders. The information presented here is for general educational purposes only. Money Metals Exchange and its staff do not act as personal investment advisors. Nor do we advocate the purchase or sale of any regulated security listed on any exchange for any specific individual. While our track record is excellent, investment markets have inherent risks and there can be no assurance of future profits. You are responsible for your investment decisions, and they should be made in consultation with your own advisors. By purchasing from Money Metals, you understand our company is not responsible for any losses caused by your investment decisions, nor do we have any claim to any market gains you may enjoy. Money Metals Exchange is not a regulated trading “exchange” as defined by the CFTC and the SEC. |
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