Silver Hits Near Two-Year High in February

February saw stronger precious metals demand at The Perth Mint of Australia, with gold sales rebounding sharply and silver climbing to its highest level in nearly two years.

The Mint’s performance came as precious metals prices moved in opposite directions. LBMA data in U.S. dollars show gold rising 4.8%, or $240.45, to $5,222.30 an ounce in February, while silver fell 12.8%, or $13.22, to $89.98.

Perth Mint Bullion Sales in February 2026

Silver coin and bar sales for the month totaled 1,924,964 ounces — the highest level since April 2023 — representing gains of 11.8% over January and 299% compared with February 2025.

Year-to-date silver sales stand at 3,647,603 ounces, up 306.5% from the 897,426 ounces sold during the same period last year.

“We continued to see strong retail demand for silver products across all key regions, with the 1oz silver kangaroo coin again the standout performer,” stated Neil Vance, The Perth Mint’s General Manager Minted Products.

Gold coin and bar sales reached 67,249 ounces in February — the strongest monthly result since November — rising 131.1% from January and 167.9% above February 2025.

“Gold performed strongly during the month, driven primarily by excellent sales of gold kangaroo coins in Australia, Germany and across Asian markets. The combination of global uncertainty and price volatility is clearly creating opportunities for investors, reinforcing demand for trusted, high-quality bullion products,” Vance added.

Through the first two months of the year, gold sales total 96,352 ounces, an increase of 120.7% from the 43,651 ounces recorded in the same period last year.

Perth Mint Gold and Silver Sales by Month through February 2026

Below is a monthly summary of Perth Mint bullion sales from January 2022 to February 2026. The figures show monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.

Bullion Coins Released in February

In February, The Perth Mint reported that the following bullion coins were released:

• Australian Kookaburra 2026 1/10 Gold Bullion Coin
• Australian Kookaburra 2026 1/10 Platinum Bullion Coin
• Chinese Myths and Legends Double Phoenix 2026 1oz Gold Bullion Coin

In January, the Mint reported that the following bullion coins were released:

• Australian Kookaburra 2026 1 Kilo Silver Bullion Coin
• Australian Kookaburra 2026 10oz Silver Bullion Coin
• Australian Kookaburra 2026 1oz Silver Bullion Coin

In November, the Mint reported that the following bullion coins were released:

• Australian Lunar Series III 2026 Year of the Horse 1oz Silver Bullion Coin with Dragon Privy
• Australian Lunar Series III 2026 Year of the Horse 1oz Gold Bullion Coin with Dragon Privy
• Lunar Horse 2026 1oz Silver Rectangular Individual Bullion Coin
• Lunar Horse 2026 1oz Silver Rectangular Bullion Coin in Tube
• Lunar Horse 1oz Gold Minted Bar

In October, as reported by the Mint, the following bullion coins were released:

• Australian Kangaroo 2026 Bullion Coin Series

In September, as reported by the Mint, the following bullion coins were released:

• Australian Lunar Series III 2026 Year of the Horse 10oz Gold Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 2oz Gold Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 1oz Gold Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 1/2oz Gold Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 1/4oz Gold Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 1/10oz Gold Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 1/20oz Gold Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 1 kilo Silver Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 5oz Silver Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 2oz Silver Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 1oz Silver Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 1/2oz Silver Bullion Coin
• Australian Lunar Series III 2026 Year of the Horse 1oz Platinum Bullion Coin

In August, as reported by the Mint, the following bullion coins were released:

• Australian Brumby 2025 1oz Silver Bullion Coin

In July, as reported by the Mint, the following bullion coins were released:

• Australian Lunar Series III 2025 Year of the Snake 10 kilo Silver Bullion Coin

In June, as reported by the Mint, the following bullion coins were released:

• 2025 Dragon 1oz Gold Bullion Rectangular Coin
• 2025 Dragon 1oz Silver Bullion Rectangular Coin

In May, as reported by the Mint, the following bullion coins were released:

• 225th Anniversary of Australian Proclamation Coins – Pillar Dollar 2025 1oz Gold Bullion Coin
• 225th Anniversary of Australian Proclamation Coins – Pillar Dollar 2025 1oz Silver Bullion Coin
• Australian Emu 2025 1oz Gold Bullion Coin
• Australian Emu 2025 1oz Silver Bullion Coin
• 2025 Chinese Myths and Legends Double Phoenix 1oz Silver Bullion Coin
• Australian Kookaburra 2025 1/10oz Gold Bullion
• Australian Kookaburra 2025 1/10oz Platinum Bullion

In April, as reported by the Mint, the following bullion coins were released:

• Australian Swan 2025 1oz Silver Bullion Coin
• Australian Swan 2025 1oz Gold Bullion Coin 

In March, as reported by the Mint, the following bullion coins were released:

• Australian Koala 2025 1oz Silver Bullion Coin
• Australian Koala 2025 1 Kilo Silver Bullion Coin

In February, as reported by the Mint, the following bullion coins were released:

• Lunar Snake 1oz Silver Minted Bar in Pouch
• Lunar Snake 1oz Silver Minted Bar in Tube
• Lunar Snake 1oz Gold Minted Bar
• Chinese Myths and Legends Four Guardians 2025 1oz Gold Bullion Coin
• Australian Kookaburra 2025 1 Kilo Silver Bullion Coin
• Australian Wedge-tailed Eagle 2025 1oz Silver Bullion Coin

Bullion Coins That Sold Out in 2026

In February 2026, as reported by the Mint, the following bullion coins sold out:

• 2024 125th Anniversary of The Perth Mint 1oz Silver Bullion Coin
• 2024 Wombat 1oz Silver Bullion Coin
• 2024 Next Generation Emu 10oz Piedfort Silver Bullion Coin
• 2025 225th Anniversary of Australian Proclamation Coins 1oz Silver Bullion Coin