2011 US Silver Eagle Sales Outstrip 2011 US Silver Production

Posted on January 16, 2012 by Les Jones

Source.

That doesn’t even include silver for US jewelry or industrial uses. Now I’m just a simple caveman, but that should put upward pressure on silver prices, amirite?

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2 Responses to 2011 US Silver Eagle Sales Outstrip 2011 US Silver Production

  1. Mike S says:
    January 16, 2012 at 11:04 am

    Holy crap! And it’s still only $30 an ounce?

  2. Les Jones says:
    January 17, 2012 at 8:31 am

    I know. That chart doesn’t show when sales happened, so maybe the sales peaked when silver was in the $45/ounce range, but still. It makes me believe silver is going to trade north of $30/ounce again, that’s for sure.