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Australian bullion sales held a steady pace in May for both gold and silver products, according to figures from The Perth Mint of Australia.
The sale of minted investment coins and bars slowed somewhat compared to the previous month, but increased compared to the previous year.
“A strong rally in both gold and silver prices, driven by the weakness of the US dollar, a decline in bond yields and a sharp decline in cryptocurrencies, encouraged investors to re-enter the precious metals markets in May 2021,” said Jordan Eliseo, Perth Mint Manager, Listed Products and Investment Research.
LBMA prices rose 7.5% for gold and 6.8% for silver in May.
Precious metals sales in May 2021
Perth Mint’s sales of silver coins and silver bars last month totaled 1,700,807 ounces, a 5.4% decrease from April but a 70.6% increase from May 2020.
“May was another extremely successful month for silver bullion – our manufacturing capacity was again challenged by demand from key markets such as Germany and the United States,” said Neil Vance, general manager of Minted Products, Perth Mint.
Annual sales of 8,092,608 ounces of silver are 17.1% above the 6,912,643 ounces sold in the same period last year.
Sales of the Mint’s gold coins and bullion reached 91,146 ounces in May, down 10.1% from April, while increasing 43.8% from May 2020.
Year to date, gold sales of 522,732 ounces are 49.8% higher than 348,892 ounces sold in the first five months of last year.
Perth Mint Gold and Silver Sales by Month
The following is a monthly summary of the Perth Mint’s bullion sales from May 2020 to May 2021. The numbers show monthly ounces of gold and silver supplied by The Perth Mint as minted products to wholesale and retail customers worldwide. Sales of cast ingots and other group activities, including sales of allocated / unallocated precious metal for storage by the Depositary, are excluded.
| Perth Mint Bullion Sales (in troy ounces) | ||
|---|---|---|
| silver | gold | |
| May 2021 | 1,700,807 | 91,146 |
| April 2021 | 1,798,210 | 101,379 |
| March 2021 * | 1,600,000 | 130,000 |
| February 2021 | 1,830,707 | 124.104 |
| January 2021 | 1,162,884 | 76.103 |
| December 2020 | 941,767 | 76,806 |
| November 2020 | 1,119,296 | 84.158 |
| October 2020 | 1,228,713 | 38,367 |
| September 2020 | 1,677,383 | 62,637 |
| August 2020 | 1,431,036 | 67,462 |
| July 2020 | 1,567,900 | 56.104 |
| June 2020 | 1,573,752 | 44,371 |
| May 2020 | 997.171 | 63,393 |
* Perth Mint released approximate sales data for March. Specifically, the Mint stated that it had delivered “more than 130,000 troy ounces of gold and almost 1.6 million troy ounces of silver” in March.
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