Silver Demand Surges To Record For February
1
March, 2013
We
noted the strange
divergence between the surge in physical demand for
precious metals and the falling price of gold and silver yesterday
and today; sure enough, just as they give back some short-term gains,
we find that with one day left in the month, the
US Mint has seen the largest demand for physical silver coins
ever for
a February at 3.37mm ounces. We are sure this all makes perfect sense
somewhere in the leasing, backwardation,
securitization,
paper world of precious metals
pricing but one thing appears sure, more than just Russia is backing
up the truck for physical bullion.
Data:
US Mint
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