Perth Mint silver sales doing relatively well, everything else still in the doldrums

Another month with little improvement in the bullion sales market, at least from two big players, the Perth Mint and the United States Mint. Silver sales at the Perth Mint are doing well for a July, a month rarely excelling as buyers wait for the new ranges in late August, but all three of the gold stats that have been updated this month are close to, or below five-year bottoms.

Perth first, and the one bright spot is silver, rising to its best July in the last five years by more than 400,000 ounces. Gold rose compared to July 2016 and June 2017, although hardly to record levels. Overall year-to-date numbers remain depressed compared to 2016; gold by 19% and silver by 26%.

The United States Mint has also seen rises in all three metrics over June 2017, but both gold coins are still at the lowest level we’ve seen over the last half decade. On the year-to-date, both the Eagle and the Buffalo are down on last year by a hefty 61% and 42% respectively. Despite the rise in Silver Eagle sales this month, they remain down overall by a substantial 48%.

Don’t forget to click the blue button link to see the bullion sales graphs as they depict what’s happening with better clarity than a table of numbers.

 COIN SALES (oz) COMPARED TO: YEAR TO DATE COMPARED TO:
JULY-2017 JUNE-2017 JULY-2016 JAN-JULY 2017 JAN-JULY 2016
US GOLD EAGLE 16,500 +175% -57% 209,000 – 61%
US SILVER EAGLE 2,270,000 +130% +66% 14,530,500 -48%
US GOLD BUFFALO 5,000 +150% -50% 71,500 -42%
PERTH MINT GOLD 23,675 +23% +40% 203,337 -19%
PERTH MINT SILVER 1,167,963 -4% +68% 6,128,170 -26%