Silver tops $90 as US Mint halts sales; analysts see $100 ahead

Beincrypto reports that XAG surged past $90 per ounce for the first time in history, pushing US Silver Eagles above $100 per coin at dealers and prompting the US Mint to suspend all silver numismatic sales.

The Mint cited extreme price volatility and an inability to accurately price products, signaling strain in physical silver supply rather than speculative excess. The report says rising premiums and CME margin hikes are squeezing short positions, futures are decoupling from physical markets, liquidity is thinning, and several analysts and industry leaders project silver could surpass $100 per ounce amid a decades-long leverage imbalance.

Some experts, cited in the article, warn of coordinated extraction of physical silver by central banks, sovereign wealth funds and commercial traders, and note roughly 2 billion ounces of paper promises are backed by about 140 million ounces of physical metal. The US Mint remains on pause, and market participants say $100 silver may no longer be the inevitable next milestone.

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Business, Silver, Us Mint, Us Silver Eagles, Citigroup, Cme