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Lower spot price causes sell out of US Mint supply of Silver Eagles

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The US Mint reported last week that they have temporarily run out of stock of 2018 American Silver Eagle Coins.

The temporary sell out is likely due to the recent drop in silver spot price.

It’s unclear whether it’s consumers driving the sales demand of the Silver Eagle coins or if it’s dealers trying to lock in long-term stock at lower prices.

Silver spot price typically dips in the summer months to annual lows. Silver prices often through the fall and into winter as manufacturers and industry begin sorting out their supply for 2019 production.