A one-ounce Silver Maple Leaf from the Royal Canadian Mint remains a top choice for collectors and investors amid recent silver price swings.
After tumbling sharply in mid-October, gold and silver prices have steadied over the past week as Canadian bullion markets regain footing from one of the largest short-term sell-offs in more than a decade.
As of Nov. 5, gold averaged about $5,596 per ounce, marking a modest rebound from last week’s lows but still below mid-October highs, including about $6,115 reached on Oct. 20. Silver also regained some stability, averaging around $67.34 per ounce. It remains off its mid-month peak of about $75.93 but has shown stronger relative support thanks to renewed industrial demand and a firmer Canadian dollar.
Dealers report steady physical buying as collectors and investors take advantage of lower prices. Typical premiums on one-ounce Royal Canadian Mint bullion coins, such as the Gold and Silver Maple Leafs, remain elevated due to continued volatility and tight delivery schedules.
Market analysts say precious metals are now consolidating after October’s dramatic swings. Many expect further sideways trading as global investors weigh inflation trends, U.S. Federal Reserve policy and currency fluctuations heading into year-end.