Silver futures reached their highest level in 6 weeks Friday. Silver futures were up 3.8% or $1.16 to hit $31.675/oz. Additionally, the article states that demand for Silver coins is drastically increasing. Mints are seeing up to 50% above average sales demand. Here is the quote, and the article from this morning’s Wall Street Journal.
Sales of silver coins by the U.S. mint in January are already 50% above the average monthly sales figures in 2011, a reflection of investor demand for precious metals as an alternative asset, analysts said.