Wednesday, September 15, 2010

Silver Investing - $20 Silver

In case you haven't noticed, silver has been bobbing above and below the magic $20 mark. As I write this post, silver is at a solid $20.56 per troy ounce. Can it dip below $20 again? Yup, but the trend is up and, according to many "experts", it is due to go much higher. I hope you are in.

With September half over, the U.S. Mint posted just 390,000 Silver American Eagles produced so far this month. I don't know what to make of this low number. Also in (early) September, they adjusted the August silver eagles produced from 1,906,000 to 2,451,000. Maybe their web master was on vacation so the correct numbers couldn't be posted in time. Year-to-date the silver eagle total stands at 23,990,500.

Happy investing.

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