The Conversation (0)
Royal Canadian Mint Managing Current Silver Supply, but All-Time High Sales Expected in January
Jan. 25, 2013 09:53AM PST
Silver InvestingForbes reported that, although the U.S. Mint ran out of production with 2013 Silver Eagles, and despite rumours that the Royal Canadian Mint was set to suffer the same fate due to a shortage of silver, the Royal Canadian Mint contends that they are actively managing their silver supply.
Forbes reported that, although the U.S. Mint ran out of production with 2013 Silver Eagles, and despite rumours that the Royal Canadian Mint was set to suffer the same fate due to a shortage of silver, the Royal Canadian Mint contends that they are actively managing their silver supply.
As quoted in the market report:
You can see this in the silver coin sales data from the Mint. In November 2012, the monthly sales of silver coins were more than double the previous November. In that period of time, this surge in demand was pretty much unanticipated by the Mint and there were some strains in supply of silver blanks,” she said. “In January we will probably see all-time highs of 7 million ounces of Mint silver coin sales.