Silver Posts Longest Rally in 45 Years as Global Investor Demand Explodes
February 19, 2014
SILVER SURGES ON RECORD DEMAND
Silver Posts Longest Rally in 45 Years as Global Investor Demand Explodes
— 7 Facts About Silver Prices —
After rising in price for 12 straight days, silver has posted its longest rally in at least 45 years as global demand for an investment alternative grows amid concerns that the global economy is heading for a fall.
Since 1913, silver has increased3.78% compounded annually. Since 1971, silver has increased 7.00% compounded annually. Since 2001, silver has increased 15.17% compounded annually.
So far in 2014, silver prices have surged by 13%.
Silver premiums are increasing as demand soars.
Trading volume has more than doubled versus the average in the past 100 days.
The U.S. Mint sold 42,675,000 American Eagle Silver Bullion coins in 2013, which is 26% more than the 33,700,000 coins sold in 2012. This is a new single year record for the most purchased since the U.S. Mint began producing the one-ounce silver coin in 1986. And so far, 2014 is starting off with a “bang” with sales of silver coins by the U.S. Mint almost quadrupling in January to 4.78 million ounces from December.
And it’s not just the U.S. Mint. Mints around the globe are reporting sharp increases in investor demand. Sales of the Austrian Silver Philharmonic increased 62% in 2013. The Canadian Silver Maple Leaf saw a 60% increase, and sales of the Perth Mint’s Silver Kookaburra bullion coin rose by 41% last year.
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