The German finance ministry has stopped the planned sale of two commemorative coins after the cost of their silver content surpassed their face value.
The unusual step, which affects the issuance over the next three months of a €20 and a €25 coin popular with collectors, highlights the extent of the current rally in precious metals.
While the surge in the silver price is less pronounced than that of the gold price, the precious metal reached a new all-time high this month at $54.30 per troy ounce and currently is 60 per cent more expensive than at the start of the year.
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