Silver Maple Sales Hit Highest Level Ever in Q1 2015

SilverSeek.com reported that in the first quarter of 2015, the Royal Canadian Mint’s Silver Maple sales rose 8.5 percent compared to the year-ago quarter, hitting the highest level ever.

As quoted in the market news:

In the first quarter of 2014, the Royal Canadian Mint sold 8.2 million oz (Moz) of its Silver Maple Leaf coins. This increased 700,000 oz to a new record of 8.9 Moz in the first quarter of 2015.

As we can see, current sales of Silver Maples at 8.9 Moz, surpassed both records set in Q1 (8.2 Moz) and Q4 (8.4 Moz). I would imagine sales of Canadian Silver Maples will fluctuate during the remaining three-quarters of 2015, but there is a good chance that total sales in 2015 will surpass 30 Moz.

The extremely strong demand for U.S. Silver Eagles and Canadian Silver Maples has created a huge impact on both countries domestic silver consumption.

Click here to read the full SilverSeek.com report.