by Adam Hamilton, Silver Seek:
Silver is down 70% from its high of $48.70 an ounce back in April of 2011. And the calls from the mainstream are for silver prices to fall farther, as the Federal Reserve has stopped printing paper money and inflation is nowhere in sight. I beg to differ.
As the price of one ounce of silver reaches a four-year low, investors are running to buy the gray precious metal. To them, they see the price decline in silver as an opportunity.
On Friday, October 31, as silver prices broke to their lowest level since 2010, silver coin sales at the United States Mint soared. The Mint sold 1.4 million ounces of silver American Eagle coins on that day alone. This was the highest in daily sales since January of 2013. (Source: Reuters, November 5, 2014.)
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