Canadian Silver Maple Leaf Sales Hit New Record Q1 2015

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.  I explain why this could be a big problem for the U.S. and Canada in the future in my upcoming THE SILVER CHART REPORT.

Currently, the market prices silver based on its role as a mere commodity.  This is calculated by its supply-demand fundamentals and cost.  Of course, this pricing mechanism is manipulated, but silver’s real future price will occur when it becomes valued based on its STORE OF WEALTH properties… and not how much is consumed.