GOLDILOCKS
"Today, July 2, the U.S. Mint notified customers via email that it will increase prices on all its silver collector products, with the exception of the 2024 commemorative coins. The rise in the spot price of silver and other associated costs was cited as the reason for the price hikes, which will take effect on July 9."
Several things could be going on...
* Supply and demand
* Geopolitical events
* Currency values
* Silver production
Each of these issues are currently going on at this time, but I am aware that the demand for local currencies are on the rise. These new demands for local currencies will begin influencing the metal markets.
Hopefully the demand for the new currencies going on around the world is creating the bulk of this change, but all of them would be correct at this time.
Futures contract prices are often based on the spot price of a commodity as a starting point. Because of the four issues named above, price determinations are often based inside a future contract to meet the needs of increasing prices to meet those demands. The end result is an increase in the value of a commodity you hold.
© Goldilocks
https://www.coinnews.net/2024/07/02/u-s-mint-announces-silver-product-price-hikes-morgan-and-peace-dollars-included/
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