iShares Silver Trust (SLV)

[Extreme4Reality]

Demand For Silver Terrible In March 2012

February silver sales were the worst drop ever on record. March is sluggish too.

November 2011 was the turning point for silver sales as sales started plummeting.

November through March, four month sales this year are down nearly 7 million ounces compared to the same time period a year ago.

Nov - March this year = only 10 million ounces sold

Nov - March last year = nearly 17 million ounces sold

That's nearly a 40% drop in sales for the past 4 months compared to the same time-period last year.

http://www.usmint.gov/mint_programs/american_eagles/?action=sales&year=2012

PS. Januaries always have strong sales because that's when dealers stock their shelves with the new year's coins. But even January 2012 was lower than January 2011.