![]() ![]() “The silver coins and silver bars that are available have acquired significantly higher premia,” he added. ![]() He expected delays until mid-March for the most popular products. “There was going to be a backlog in the silver bullion supply chain that rendered Silver Eagles more scarce either way,” said Everett Millman at Gainesville Coins in Florida. The Mint, a division of the US Treasury, had limited distribution of its silver coins to suppliers as it is currently changing the designs for its American Eagle Gold and Silver Bullion Coins. Shares in the struggling retail chain fell 60% on Wall Street on Tuesday to $90 as the mania sparked by small investors that had sent its value soaring past $300 a share last week looked like imploding. Yellen will convene heads of the Securities and Exchange Commission, the Federal Reserve, the Federal Reserve Bank of New York and the Commodity Futures Trading Commission, a Treasury official said on Tuesday. It came as treasury secretary Janet Yellen announced she would be calling a meeting of key financial regulators this week to discuss market volatility driven by retail trading in GameStop and other stocks. A social media-driven buying spree lifted silver futures to an eight-year high on Monday, but dealers in the market for coins were already grappling with a supply shortage and shipping delays before that rally. ![]()
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