June 20, 2024

American Silver Eagle Bullion Sales Soar As Investors Buy At Bargain Prices

The US Mint’s latest monthly reports on the sale of American Silver Eagle bullion sales show that investor buying has hit all time record levels.

Total sales of the American Silver Eagle bullion coins in 2010 came in at a record high of 34,662,500.

With over two months remaining in 2011, sales of the American Silver Eagle have already surpassed the record level of 2010 with sales of 36,375,500 ounces.  If sales of the Silver Eagle for November and December match the levels of 2010, total sales for 2011 should total over 42 million ounces or more than 20% above the record breaking sales level of 2010.

A review of sales by month for 2011 indicate solid fundamental buying by silver investors.  Typically, buying of an asset will increase as prices go higher and decrease as prices decline.  This was not the case with the American Silver Eagles – despite a sharp sell off in May and September, monthly sales increased as investors took advantage of bargain prices.

Silver had a volatile year, selling at $30.67 per ounce at the beginning of the year and moving up to a high of $48.70 (as measured by the London PM Fix Price) on April 28th.  Silver closed yesterday at $33.47, up $2.80 or 9.1% on the year.

Based on strong fundamental demand for physical silver, expect silver prices to end the year considerably higher.


  1. at least it’s moving back higher

  2. This article is spot on. From much of the research I have done, silver will continue to soar over the next few decades. Not only is the supply constantly being used up in industry, but it is just underpriced in general.

  3. It is moving back higher and it is expected to continue this trend for months to come. The more people hear on the news about gold and silver the more they become aware of the mess our financial institutions are in, the more people buy gold and silver.

  4. Silver has dropped about 10% in the last month and will probably go lower. Sorry but precious metals has had it’s run for awhile. Look for precious metals to trade sideways for the next year.

  5. Gold has historically been the most sought after precious metal. However, reports are showing that silver is beating gold for several reasons: historical ratios and long-term trends.

  6. I think that Silver Eagle Coins are a great investment that will be easy to trade if the need ever comes up..

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