Yesterday, we alerted SilverTrade readers that a Major Government Mint was shutting down silver sales within 24 hours.
🦘We can now disclose that the major mint halting silver sales today is The Perth Mint:🦘
“Dear Perth Mint Distributor,
Due to the increasing worldwide demand for silver bullion products, we have a large backlog of orders for the 2026 Kangaroo 1oz Silver Bullion Coin. As a result of this, we have decided to pause taking wholesale orders for this coin from today until 23rd February to clear the back orders.
We are also implementing a monthly allocation for this product to ensure that all regions receive stock in the current market environment.”
As The Perth Mint first began notifying its wholesaler dealer network Thursday morning, this decision to halt silver sales was made PRIOR to the historic $25 silver slam that has since occurred.
If The Perth Mint was already at the breaking point by Thursday morning, with silver prices trading near $117, we suspect this situation is about to quickly snowball across the industry as today’s price smash has undoubtedly unleashed a TSUNAMI of physical silver demand.
Australia’s Perth Mint was the first domino to fall.
Which major government mint will be next?
