Silver Investing - May 2011 Totals For Silver Eagles

The May total for Silver Eagles stands at 3,653,500, second only (in 2011) to January's 6,422,000! Year-to-date, 18,901,500 Silver Eagles have been produced and snapped up by a growing number of investors.

Talk of physical silver shortages continues to circulate but the spot silver price doesn't want to rise accordingly. Shouldn't the price get back on a rising track with such high demand and tightening availability? Not while the paper silver traders keep getting "in the way". To get a better understanding of this silver market, I recommend you read Silver Action a Reminder of the Risks of the Paper Market.

In the last few weeks, Richard Russell has come out strongly in favor of silver and his belief in a resumption of rising prices. The first appeared on May 10th and can be read at Expect Huge Rebound in Silver. The second was posted on May 30th and can be read at Subscribers Should Buy Silver Once Again. When Richard Russell speaks, I listen.

In my research of the last few weeks, I listed several potential stories for this post but decided to drop most of them in favor of this one that really caught my interest. It is titled "A 1980 copy of Playboy Predicts the Future for Silver". It explains the Hunt Brothers actions in the silver market at that time and offers some parallels to today's actions. You can see it here.

Thanks for reading.