Despite the silver breaking through $17 and touching a multiyear low the U.S. Mint has sold over 4.1 million Silver American Eagles in September. The trend has continued into October with the U.S. Mint confirming they have sold over 2 million silver eagles in the first week of October.
Year to date the U.S. Mint has sold 36,066,000 silver eagles and if the trend continues sales could top the 2013 high of 42.7 million ounces.
The American silver eagle is an extremely popular coin and is favoured by retail investors in both America and around the world. The Canadian Royal Mint are forecasting the sale of silver maple leafs in 2014 will be the most ever recorded.
With retail investment demand so strong the question has to be asked as to why the price is trending near a four year low.