Silver Spike Drives Demand for Commemorative Year of the Horse Coins

TaiwanPlus News

People are lining up at Bank of Taiwan branches to buy commemorative Chinese zodiac coins for the upcoming Year of the Horse. The coin set, which features a one-ounce silver coin with a gold-plated horse, costs around 30% more than the previous Year of the Snake set. However, the soaring price of silver has throngs of eager buyers seeing the set's price of around US$78 as a bargain.

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00:00People are lining up around the block to get their hands on commemorative coins for the upcoming...

00:05...year of the horse. That's despite a price hike of around 30%...

00:10...compared to last year's Year of the Snake set. There may be a good reason why this year's...

00:15...coins are so popular. The set includes a one ounce silver coin and costs around...

00:20...78 US dollars. But the spot price of silver has doubled in the past...

00:25...two months to around 120 US dollars per ounce. Online pre...

00:30...sales have ended. But people hoping to get their hands on...

00:33...the silver at a knockdown price.

00:35...can try their luck in person.

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