Monthly Archives: October 2012

Royal Canadian Mint Introduces New Silver Investment Product

WN Photo

The Royal Canadian Mint has issued a public offering of exchange-traded receipts (ETRs) under the new Canadian Silver Reserves Program. Each ETR is the proof of ownership of physical silver bullion, held with the Mint at its reserve facilities. The Canadian Silver Reserves Program, denotes further expansion of the Mint and its success in core bullion as well as refinery. Continue reading

India Responsible for Rising Silver Prices

The rising prices on silver have been attributed to India’s renewed interest in the white metal. In the third quarter of 2012, silver prices rose 25% thanks to increased volatility and healthy returns on silver ETFs. This change in behavior has subsequently attracted investors who have typically favored gold investments, including gold’s own country – India. Continue reading

Silver Bullion Coin Sales Soar 13% in September

American Silver Eagle Reverse

According to the latest report of the United States Mint, sales of silver bullion coins rose 13.4 % in September; the highest since January.

The sale of American Eagle Silver bullion coins in September amounted to 3,255,000 ounces compared to 2,870,000 ounces in August. Continue reading