A new silver mint operating outside Dallas is ramping up production of investment-grade bars as silver prices approach record highs, underscoring robust investor demand for tangible assets amid inflation and geopolitical tensions.
FOX Business correspondent Lydia Hu reported on the facility, noting that although silver prices had recently eased to about $48 an ounce after spiking between $51 and $53 earlier in the week, nationwide demand remains strong, keeping prices near record levels.
The mint’s operation is designed for speed to handle surging orders. The process involves technicians melting raw material, removing impurities, and quenching the liquid metal in a large vat to produce pure silver grain. Robotic arms then feed this grain into molds, which are heated in an oven to about 1,200°C (roughly 2,190°F) to form the final bars.
This intense activity confirms strong investor demand for physical silver, with sales of minted bars and coins rising sharply this year. Investors are accelerating safe-haven buying due to global economic uncertainty and concerns about the dollar’s stability. Bank of America analysts suggest silver still has “room to run,” though they caution that near-term volatility is likely.
However, some analysts remain cautious, suggesting that sustained high interest rates could eventually slow retail demand. J.P. Morgan’s metals team recently lowered demand forecasts for base metals like aluminum, steel, and copper, warning that the “increasingly apparent loss in global demand momentum … will eventually drive further sustained falls in base-metals prices.”
The Dallas mint is operated by Dillon Gage, a precious-metals firm headquartered in the Dallas area. Founded in 1976, the company has been a cornerstone of the industry for nearly 50 years, running one of North America’s most advanced trading and refining operations, which includes refining, minting, and secure storage services.
Dillon Gage is ISO 9001:2015 certified and recognized worldwide for its commitment to integrity and innovation in the bullion marketplace. During Hu’s visit, the facility produced a limited run of custom bars for the FOX family of brands.
As silver hovers near record levels, customers remain undeterred by elevated prices, making production capacity crucial. If the current rally persists, mints like this Texas facility are expected to remain highly active as investors continue converting cash for solid bullion bars.
