by Louis Cammarosano, Smaulgld:
Top Three Sovereign Mints, The U.S., Canadian and Perth Mint report collective first quarter 2016 silver sales up 31.6%
Perth Mint silver sales climb 165% in the first quarter.
The U.S., Canadian and Perth Mints sold nearly 30 million ounces of silver in the first quarter.
Top Mints sell 45.66 ounces of silver to every ounce of gold sold in the first quarter- up from 38.27 to 1 in 2015.
First Quarter 2016 – A Record Quarter for Silver Sales
The Royal Canadian Mint released its first quarter 2016 report last week. The report showed that the Royal Canadian Mint first quarter 2016 silver sales of 10,600,000 ounces set a quarterly record and increased 19.3% year over year from the first quarter 2015 sales of 8,900,000 ounces.
The U.S. and Perth Mint report their sales monthly and contemporaneously at the end of each month.
The U.S. Mint reported selling 14,842,500 one ounce American Silver Eagle coins in the first quarter of 2016, up 23% from 12,071,000 ounces sold in the first quarter of 2015.
The Perth Mint reported selling 4,278,708 ounces of silver in the first quarter of 2016 up 165% from 1,616,604 ounces sold in the first quarter of 2015.
Collectively, the U.S. Canadian and Perth Mints sold 29,721,208 ounces of silver in the first quarter up nearly 32% from the first quarter of 2015 when the three miints sold 22,587,604 ounces.
The Perth Mint led the three top sovereign mints with a silver sales increase of 165% in the first quarter of 2016.
2015 – A Record Year For Silver Sales
The record quarterly silver sales in the first quarter of 2016, follow record silver sales in 2015 at each of the Perth, Canadian and United States Mints. Collectively, the top three mint’s silver sales of 93,075,927 ounces were up 15% in 2015 from 80,673,467 ounces sold in 2014.
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