Wednesday, January 19, 2011

Silver Investing - January 2011 A Banner Month For Silver Eagles

The U.S. Mint is working overtime producing Silver American Eagles and the demand is right there too. So far in January 4,588,000 Silver Eagles have been produced - more than any month in its 26 year history. To put that in perspective, 4,588,000 is more Silver Eagles than were produced for the entire year of 1996 (3,466,000), 1997 (3,636,000), 1998 (4,320,000) and so close to 1995's total (4,590,000). And we still have eight working days to go in the month.

At this time, spot silver is at $28.68, down 69 cents in the last 30 days and up $10.81 (60.49%) over the last year. Despite being down recently, you will find the premiums for popular silver bullion coins and bars to be strong because the physical silver market is tight. Be a smart shopper and compare prices of at least a few dealers to get the most for your money.

Thanks for reading.

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