Gold and Silver sales report.

The production of silver coins in the Perth Mint in five years reached its maximum with more than 88,500 ounces of gold sold while the level of silver reached more than 2,500,000 ounces of silver minted merchandise during September.

Gold holdings of the Perth Mint store fell slightly by 0.42%. While silver gained 0.08% during that month.

PMGOLD holdings have declined by 1.58%.
Gold in September was at less than $1.7 an ounce. The strong US CPI saw a rise in US 10-year Treasury yields and the US dollar.
Over the past two years, gold fell to $1,643 before rising slightly to $1,660 by the end of the month.

During the middle of last month, gold in the Australian dollar experienced a strong bullish trend, as the Australian gold surpassed the AUD$2,600, up almost 4%.

Silver started September at just under $18.00 an ounce. Although silver was unaffected by the post-FOMC sell-off, at the start of the month silver was below $18 an ounce but ended the month positively up around $19.00, up more than 5%.
It's a satisfactory result for local investors with the price closing roughly around A$30. While the gold and silver ratio stabilized in September at 87.



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2 comments
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We might see silver ending the year with probably $22. Well that's my prediction though

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Maybe but the problem it's the large decline of its value

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