Canada’s sales of silver coins will jump more than 50 percent this year and will continue to climb in 2011, said David Madge, the director of sales at the Royal Canadian Mint.
“Sales of silver coins for 2010 are very strong and we expect them to be at least 50 percent higher,” Madge said in an e-mail, declining to give a forecast for this year’s sales. The Ottawa-based mint sold 10.3 million ounces of coins in 2009, he said.
Silver futures have jumped 59 percent in New York this year as demand rose for precious metals as an alternative to currencies. Investors have bought coins “because they ...
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