Silver's Future in Question

[theo]

At the end of 2015 will I be writing a story declaring that sales of silver American Eagle bullion coins have declined 30 percent from the record 2014 level? . . . .


Silver buyers are clearly not getting ready to enjoy a huge price spurt. They are acting as if the price of the precious metal will be depressed for a long time.

Why buy now when you probably will get the same price, or even a lower price six months from now?


http://www.numismaticnews.net/buzz/silv ... e-question

It looks like we are finally seeing capitulation for physical buyers.

[68Camaro]

What are the Maple stats? As beloved as the ASE is, the Maple not only has the cool security feature but has lower premiums, and may be gaining popularity. No stats to show for that thought except that there do seem to be several RC ers buying maples this year that used to buy more ASEs. I wonder if it is silver that has lost its luster, or the ASE.

[theo]

True,

My LCS has finally started regularly carrying Maples and I have picked up a few. The author would likely argue that ASE sales represent silver demand in general, however it would be nice to have confirmation from Maples or even Phils.

Even if the decline is more broad-based, the reasons for the recent swoon in silver sales are probably more complex than near-term price predictions. It has been 6 1/2 years since the last crisis and 4 years since the heady days of 2011. While many of the stackers who started during (and before) those times are standing firm they IMO are becoming saturated. And since the economy has appeared stable for the past 4 years or so; there have not been enough new adherents to keep the ball rolling, even with the lower prices. The articles indicting the current fiat system are fundamentally accurate however too many have predicted the dollar's collapse "in mere months" and have lost credibility.

[Verbane]

...While many of the stackers who started during (and before) those times are standing firm they IMO are becoming saturated. And since the economy has appeared stable for the past 4 years or so; there have not been enough new adherents to keep the ball rolling, even with the lower prices...

+1


Another thought...
I remember reading that a lot of ASEs were exporting outside the U.S. the past few years. I wonder if the "strengthening" of the US Dollar against other currencies over the past year has made the ASE too expensive for export?

Exchange rates; Euro, Canada and Australia: June 1, 2014 to June 1,2015

Currecy hist (2).jpg (58.67 KiB) Viewed 730 times

[justoneguy]

The Maples just set a record for the 1st quarter.
sold more of 'em than ever before.
http://srsroccoreport.com/canadian-silv ... d-q1-2015/

[68Camaro]

lesse, now who was it that mentioned that the Maple sales may have increased?

Not to mention other mints - I just bought another tube of Brittanias.

[beauanderos]

lesse, now who was it that mentioned that the Maple sales may have increased?

Not to mention other mints - I just bought another tube of Brittanias.

Green with envy