U.S. Mint Silver Coins Run Out as Buying at 5-Year High
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The U.S. Mint sold out of 2013 American Eagle silver coins at a time when investors bought the most metal in five years through the biggest exchange-traded product.
The mint’s sales are “temporarily” suspended and will resume on or about the week of Jan. 28 when inventory is replenished, it said yesterday in an e-mailed statement. Holdings in the iShares Silver Trust jumped 571.6 metric tons on Jan. 16, an increase now valued at $584 million. Prices may rise as much as 27 percent to $40.25 an ounce this year, a Bloomberg survey of 49 analysts, traders and investors last month showed.