By the SRSrocco Report

The Royal Canadian Mint just published its Q1 2016 Report, and the silver bullion coin sales figures were stunning to say the least. Not only did sales of Canadian Silver Maple Leafs surpass its previous record during the third quarter last year, it did so by a wide margin.

Why is this such a big deal? Because Q1 2016 sales of Silver Maples topped the Q3 2015 record, without surging demand and product shortages. Last year, there was a huge spike in silver retail investment demand due to the supposed "Shemitah" or the collapse of the broader stock markets. Investors piled into silver in a big way as they perceived a year-end market crash was inevitable.

Sales of Silver Maples jumped to an all-time record high of 10.6 Moz:

Furthermore, if Silver Maple sales continue to be this strong, the Royal Canadian Mint is on track to sell over 40 Moz compared to the 34.3 Moz in 2015. If Silver Eagle sales also continue on their strong trend of 1 Moz per week, the U.S. Mint could sell over 50 Moz of these coins. Together, these two official mints could sell over 90 Moz of Silver Eagles and Maples in just one year.

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