Canadian Silver Mining Production Doesn’t Cover Silver Maple Leaf Demand

Canadian Silver Mining Production Doesn’t Cover Silver Maple Leaf Demand.

From 2010 to 2014, the amount of silver required to mint Canadian Silver Maple Leaf coins has exceeded Canadian silver mining production by over sixteen million ounces.

The deficit in 2014 was nearly 8.5 million ounces.

The Lowest Cost. Period.

In “U.S. Silver Mining Production Doesn’t Cover American Silver Eagle Demand” we noted that since 2010, the amount of silver required to mint American Silver Eagle coins has exceeded U.S. silver mining production by over twenty-five million ounces.

Famed silver analyst Ted Butler informed me the same dynamic exists between Canadian silver mining production and Canadian Silver Maple Leaf demand.

Indeed, there exists a widening gap between Canadian silver mining production, which has remained relatively steady around twenty million ounces a year, and the silver required to meet increasing Canadian Silver Maple Leaf coin demand.

Since 2010, there has been a Canadian silver mining deficit of over 16.5 million ounces required to meet Canadian Silver Maple Leaf coin demand, with a deficit of over 8.4 million ounces in 2014.

Canadian silver required for maple leaf coins 2010-2014

Demand for Silver Maple Leaf coins has outstripped the ability of Canadian mining production to meet it the past two years and will probaly exceed mining supply again in 2015.

JM Bullion

Historically, domestic silver mining was more than sufficient to cover silver required to mint Canadian Silver Maple Leaf coins. Recent exponential growth in demand for Canadian Silver Maple Leaf coins has overwhelmed Candian mining production. The chart below shows the growth in sale of Canadian Silver Maple Leaf coins starting in 2008.

canadian silver maple leaf coins 2007 -2015

Canadian Silver Maple Leaf sales through the third quarter of 2015

Also see “U.S. Silver Mining Production Doesn’t Cover American Silver Eagle Demand

Sources:Canadian Mining Production: U.S. Geological Survey; Silver Maple Leaf mintages: The Canadian Mint

If you have enjoyed this report, please consider buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to

Get Free Updates From

Subscribe to and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.

Subscribe to to receive free gold and silver updates, news and analysis.

In Case You Missed it… Archives

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.

You can support by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM Bullion, BGASC, Bullion Vault, Gold Broker, Golden Eagle Coin, GoldMoney, SD Bullion, Perth and Royal Canadian Mint ads on the site.

Browse Silver Coins on Amazon

Buy Silver Austrian Philharmonic Coins

Browse Collectible Coins on Amazon

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation