First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/08/09/market-conditions-report-mismanaged-us-mint-doubles-production-002791
<p><img src='https://www.moneymetals.com/uploads/content/market-conditions-report-mismanaged-us-mint-doubles-production-social.jpg'/></p>Silver prices have drifted under $23 per ounce in recent days, and gold is now trading under $1,940. Silver coin, bar, and round premiums continue to fall on overall softening in retail demand. Volume is substantially lower than the March to May period, allowing all mints to clear out production backlogs many weeks ago.