We all have our reasons for following Apple. I track it because this tech behemoth is a massive global consumer of metals – base, rare earth, and precious.
And right now, Apple is giving us some surprising indications that the demand for silver is much higher than its current price would have us believe.
Actually, the first "sign" came to us back in January when Apple had to delay new 27-inch iMac deliveries by up to four weeks.
Of course, the company never specified exactly what was causing the delay… but the rumors flew.
The most intriguing rumors centered on a possible shortage of industrial silver in China.
Regardless, the Apple "indicator" is just one reason silver could double over the next 12 months.
There are five other compelling clues that indicate silver's price has temporarily decoupled from what the demand data dictate…
Bullish Silver Demand Indicator No. 1
Huge Silver Premiums
We all know about the drubbing that silver took in mid-April. While silver dropped from $32 in February to $18.50 by mid-June, something amazing happened.
Buyers stepped up, and supply became so scarce that premiums nearly quintupled from 8% to 37% above spot prices.
And that's if you could even get your hands on it.
Essentially, almost no one was selling. Yet a lot of buyers recognized that silver was "on sale" and decided to stock up.
But no one saw this next one coming…
Bullish Silver Demand Indicator No. 2
U.S. Mint Sales Record
In the first three months of 2013, the U.S. Mint sold more than 15 million American Silver Eagle bullion coins. That's the first time ever the Mint has sold this many coins so early in the year, setting a record in the 27-year history of the series.
Then in early November, the U.S. Mint reported that its year-to-date silver coin sales had reached a new record. The mint had sold 40.175 million ounces, surpassing the previous annual record set in 2011 with sales of 39.87 million ounces.
Demand has been healthy right through the year, with January boasting 7.5 million ounces, 3 million in October, and 1 million in November.
And there's still the month of December to count, but the last allocation for buyers was December 9th. New orders can only be placed as of mid-January.
But coin buyers aren't the only ones who are stocking up.
About the Author
Peter Krauth is the Resource Specialist for Money Map Press and has contributed some of the most popular and highly regarded investing articles on Money Morning. Peter is headquartered in resource-rich Canada, but he travels around the world to dig up the very best profit opportunity, whether it's in gold, silver, oil, coal, or even potash.