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Silver coins still in high demand even with drop in metal price
By Yvonne Yue Li
Bloomberg News
via Yahoo News
Thursday, February 4, 2021
Americans can't get enough silver coins despite declining metal prices since the Reddit buying frenzy unraveled.
Premiums on American Eagle silver coins have risen to more than $7 on Thursday from about $5 this past weekend, according to Everett Millman at Gainesville Coins in Florida. His company's website has a notice saying all orders may face extended delays.
... Dispatch continues below ...
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Dealers including Apmex were unable to process orders over the weekend because of unprecedented demand. Apmex's website currently tells customers to expect a three- to five-day delay in processing times due to increased volume of orders.
Normally when prices of the physical metal fall, premiums come down as well. That hasn't happened this time, when spot silver has slipped 2.4% since last Friday after a retail buying frenzy fueled by posts on Reddit forums spread to silver stocks. ...
... For the remainder of the report:
https://finance.yahoo.com/news/silver-coins-still-high-demand-204518854....
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