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Perth Mint Silver Sales Jump As Prices Fall to Six-Year Low

  • Silver coins, minted bar sales jump to 3.35m oz. in September
  • Holdings in silver-backed ETFs shrink to 2013 low, data show
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Silver sales from the Perth Mint, which refines bullion output from Australia, surged to the highest level in at least three years as declining prices boosted demand.

Sales of silver coins and minted bars jumped to 3.35 million ounces in September from 707,656 ounces the previous month, the mint said on its website on Friday. That’s the highest on record according to mint data compiled by Bloomberg dating back to 2012. Gold sales rose to 63,791 ounces, the highest in a year, from 33,390 ounces in August.