Here’ s your Silver Market Update for the first week of November 2015. Can you believe it’s November already?? It was truly a remarkable Summer-Fall for the Silver Market. As I posted previously here, the market experienced an unprecedented Physical Silver Shortage.
The Physical Silver Shortage, such as 1oz .999 Silver Rounds (pictured) continues into September. Delivery dates are being delayed and there have been some premiums increases. The situation is somewhat fluid, with supply being rationed out. If interested in purchasing physical silver, we encouraged you to directly contact San Diego Coin (858)569-5222 or La Jolla Coin (858) 459-2228 for up to the minute pricing and availability.
Physical Silver in Short Supply. Here’s why. On July 8th of this month (July) Silver hit $15.00 per troy ounce, down from $15.65 at the beginning of the month. We saw a bounce back up from that support level in the days following. Yet on July 16th Silver prices dipped below the psychological support level of $15.00/oz and things got funky in the world of physical silver!
Beginning in 1986, the United States once again started minting silver dollars. These silver dollars came to be known as American Silver Eagles Coins.