As I was posting this link I think MNH was also reading the same report because he shared it in the comments section under Gary’s interview. So I guess the kudos goes out to MNH!
It seems as though the Canadians are catching on to the physical demand aspect of silver. While 2012 was a significant down year for Silver Maple demand, 2013 picked up over 56% to 28.2 million Silver Maples bought. Apparently I was not the only one buying Silver Maples in Vancouver. It will be interesting to watch if this trend continues and how it pays into investor sentiment around the world.
Check out this chart illustrating the demand growth in both Canadian Silver Maples and American Silver Eagles.
