More Coinage than Silver

The US mint have been producing more American Silver Eagles than there is domestic production of silver for a while now but apparently Canada is going the same way.   So much for a drop in silver prices meaning there is less demand, its just a buying opportunity.

The point to be made here is that this represents mintage of just two different coins.  Not the commemoratives that the mint makes nor all of the privately minted bullion.  The paper market in silver will eventually have to align with the physical market, cash settlement is fine for traders but mints and other industry need physical.

More can be found here.