Sales at the Perth and United States Mints are down for both gold and silver in April, indicating a further softening of demand. Silver Eagle sales at the US Mint are at their lowest level this year dropping below three million ounces, and while Gold Eagles haven’t fared quite as badly, sales have plummeted from 46,500 oz in March, to just 29,500 oz in April, a drop of around 37%.

Perth Mint sales, they include both bullion coins and minted bars in the numbers, remain above the same period in 2014, but again, show marked decreases over last month of 22% for gold and 25% for silver. Both metals showed similar drops this time last year so it isn’t totally unexpected.

Numbers for the year are also down; Silver Eagles by 2.5m to 15m ounces, Gold Eagles from 182k to 175k ounces, Perth silver from 2.2m to 2.1m ounces, and Perth gold from 165k ounces to just 115k, comparitively the worst performer by far.

The Royal Canadian Mint has finally released its sales numbers for 2014 (they only report quaterly, and far later than the others), and it was a mixed bag. Silver Maple Leaf sales rose by a small 3.5% from 28.2, to 29.2 million ounces. Gold Maple Leaf sales however, suffered a precipitous drop of 37.8%, down to 709,200 oz from a far higher 2013 total of 1,1140,400 oz. Clearly these numbers support the general belief that 2014 was a decent year for silver, but not for gold. While central banks continue to stockpile, it seems the wider market is more hesitant until we start seeing some more defined movement in the spot price.

Fuller graphs, including the United States Mints Gold Bufallo and the Royal Canadian Mints quaterly sales from 2014 are available on our Bullion Sales page reached by clicking it from the main menu, or from the image above.