2013-11-14 — ft.com
Demand for US silver coins has surged to a record high this year as small investors defy broader bearishness about precious metals to stock up... Sales of silver American Eagles, one of the most popular bullion coins in the world, have so far this year surpassed 40m ounces, exceeding the previous yearly record of 39.9m ounces seen in 2011
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"Silver investors tend to be broadly retail," said James Steel, precious metals analyst at HSBC in New York. "As the large institutional investors reduce their exposure, the retail investors' activities will resonate more loudly."
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