It is two
months down the line since commencement of the year and investors for the year
are already smiling to the bank. This is heavily attributed to the rising Price of SLV.
Only in
January, the demand for silver hit 7.5 million ounces. It was evidenced by the
US Mint which suspended the sale of 1 ounce bullion coins from American Eagle
because they were out of stock within the first two years alone.
As the
American Congress debated the debt ceiling and fiscal cliff of the US economy,
silver bullions also closed at considerably strong prices on the other end. This
came during and shortly after November—the General Elections month which
historically records high sales and rising prices of silver.
Even as
anxiety about the SLV Quote
looms, Rogers, the owner of a very rare 2013 silver coin, says that this is
happening because people are so worried about the future. However, he adds that
those who are positive about the trend of precious metals immediately after the
general election expect huge gains this year.
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![Live 24 hours silver chart [ Kitco Inc. ]](http://www.kitco.com/images/live/silver.gif)
