November sales of American Silver Eagle coins began on a very vigorous note - the Mint sold 1.26 million ounces in just the first few days of November.
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Despite the year's nearly 30% fall in silver prices, not everyone is sour on investing in silver. The U.S. Mint reported Tuesday that American Silver Eagle bullion coin sales have already set an annual record.
Authorized purchasers of the popular coins ordered their full weekly allocation of 500,000 coins, according to the Mint. That took total sales year-to-date to a record 40.175 million ounces, surpassing the previous annual record of 39,868,500 million ounces hit in 2011.
Silver prices hit six-month highs Friday and headed for a 2.5% weekly rise.
Investor interest has piqued after months on the sidelines and just in the last month, silver prices jumped more than 20%.
Believe it not, its gains have outpaced gold's rise - which hasn't been too shabby with its own 10% increase in the same time period.
Silver ETFs have also soared during this time. The iSharesSilver Trust ETF (NYSE: SLV) is up 24.2% to $33.38, outpacing the 10.7% rise in SPDR GoldTrust ETF (NYSE: GLD), which is up to about $171.00.
But why does it seem like few people have noticed the silver bull party?
ETF Daily News wrote that silver's "move has been gradual and steady, as opposed to a number of days withhigh movement. Over that same time period, gold has jumped by about 9.5% with about 100 times the attention from analysts and investors around the world."
Silver's recent volatility, which is always more so than its fellow precious metal gold, is another reason for its outperformance. The price ratio between the two precious metals since mid-August has moved about 10% in silver's favor.
Even more interesting, since the beginning of the year, silver has outperformed gold - this is a first.
But anyone considering investing in silver could perk up to the white metal now that the U.S. Federal Reserve has given commodities more reason to shine.