Precious Metals

Bloomberg reported that in October, the US Mint’s American Eagle silver coin sales jumped 40 percent, hitting a 21-month high.

Bloomberg reported that in October, the US Mint’s American Eagle silver coin sales jumped 40 percent, hitting a 21-month high.

As quoted in the market news:

Sales surged to 5.79 million ounces, the most since January 2013, the month that set an all-time high at 7.5 million. Today, sales jumped 33 percent in one of the busiest times this year, Tom Jurkowsky, a spokesman at the Washington-based mint, said in an interview. Last month’s total was 4.14 million.

Michael Kramer, president of MTB Inc., commented:

We saw demand surge over the past two days. Business was almost triple than what it has been over the past few months.

Click here to read the full Bloomberg report.

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