According to a report on Silver Doctors, the U.S. Mint is halting production of American Silver Eagles, due to lack of demand. This runs counter to the stories we have heard that physical gold and silver demand was ‘skyrocketing’. One report even said we would run out of silver in 2016 – guaranteed!

We have been reporting on noticeable declines in global physical gold and silver demand for several months, and while we are surprised the US Mint is halting production this early in the year, we are not shocked given what we know.

The U. S. Mint, a branch of the U.S. Treasury, didn’t want the attention that would come from a silver shortage so they allowed authorized purchasers to buy a million silver eagles a week for six months. As a result, authorized purchasers and their dealers have plenty of silver eagles on hand. The Mint actually managed, not only to avoid a ‘positive’ silver story but now has a negative silver story:silver is plentiful, demand is gone, nothing to see here.