Silver bullion sales logged for the top three global mints – 2020 vs 2019

SilverSeek.com/Steve St. Angelo/9-18-2020

The top three official mints sold a great deal of retail silver bullion products in the first half of 2020.  However, the sales figure could have been a great deal higher if the various government mints weren’t forced to shut down production.  The top three official mints in retail silver bullion sales are the U.S. Mint, Royal Canadian Mint, and the Perth Mint.

USAGOLD note:  It’s been a good year for silver sales at USAGOLD – strong and steady.  Below is chart accompanying St. Angelo’s article showing 40.4 million ounces of silver sold compared to 27.3 million ounces in 2019 – a 48% gain.  Note that the reporting period for the U.S. Mint is January through August, January through June for the Canadian Mint and January through July for the Perth Mint.  Two additional factors to keep in mind:  First, there were slowdowns and shutdowns for the major mints in 2020.  Second, these numbers do not include demand satisfied by bullion coins acquired in the secondary/resale market.