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Silver at cheapest level relative Gold increased demand for Silver Coins

FXStreet (Mumbai) - A fall in the Silver prices to a four-year low has pushed the spread between Silver and Gold to its highest levels since 2009. An ounce of gold is now about equal in price to 74 ounces of silver.

Silver fell to a 4-1/2 year low yesterday, down 21% this year and that has triggered a consumers race to purchase silver coins and bars. Retailers In Asia and the US are struggling to get the supplies of the items such as the Canadian Maple Leaf Silver coins. Moreover, due to its greater affordability, silver sales tend to outstrip gold in volume terms . The US Mint sold 1.4 million ounces of silver American Eagle coins on last Friday, the highest daily sales since the new 2014-dated coins first became available on Jan. 13.

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