The Perth Mint Sees Strong Silver Need in April

Sales of Australian bullion in April diverged, according to figures from The Perth Mint of Australia. Gold items experienced a decline, while silver items saw the greatest gains in 6 months.

2023 Australian Kangaroo 1oz Silver Bullion Coins - Obverse and Reverse
A CoinNews image revealing both sides of 2023 Australian Kangaroo 1oz Silver Bullion Coins

The Mint’s bullion sales were set versus increasing rare-earth elements in April, with LBMA rates (USD) edging up 0.1% for gold and leaping 3.7% for silver.

Perth Mint Gold Bullion Sales in April 2023

In April, The Perth Mint offered an overall of 80,541 ounces of minted gold coins and bars. This represents a 6.7% decline from the previous month, which had the greatest sales considering that November, and a 7.1% decrease from April of in 2015.

Year-to-date, gold sales amount to 272,343 ounces, which is 20.4% lower than the 342,298 ounces offered in the very first 4 months of in 2015.

The Mint’s silver coins and bars sales for April amounted to 1,947,743 ounces, which is the greatest month-to-month sales figure considering that October. This represents a boost of 6.8% from March, however a decline of 8.1% from April 2022.

” Wholesale consumers in America stayed especially active with financier need there sustained by banking concerns,” stated Neil Vance, General Supervisor Minted Products. “Total sales of gold minted items decreased a little, however the silver lining was extra capability to make silver coins in the light of growing need.”

The Mint’s year-to-date silver sales amount to 6,489,119 ounces, which is 16.7% lower than the 7,788,613 ounces offered throughout the very same duration in 2015.

Regular Monthly Perth Mint Gold and Silver Sales

Below is a month-to-month summary of Perth Mint bullion sales from April 2022 to April 2023. The figures reveal month-to-month ounces of gold and silver delivered as minted items by The Perth Mint to wholesale and retail consumers worldwide. It omits sales of cast bars and other Group activities consisting of sales of allocated/unallocated rare-earth element for storage by the Depository

Perth Mint Bullion Sales (in troy ounces)
Silver Gold
April 2023 1,947,743 75,166
March 2023 1,823,096 80,541
February 2023 1,484,936 52,241
January 2023 1,233,344 64,395
December 2022 1,634,751 60,634
November 2022 1,315,293 114,304
October 2022 1,995,350 183,102
September 2022 2,579,941 88,554
August 2022 1,655,334 84,976
July 2022 2,465,513 79,305
June 2022 1,523,765 65,281
Might 2022 2,217,582 98,515
April 2022 2,119,491 80,941

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