Yeah they represent around 20% of the demand. There are many...

Yeah they represent around 20% of the demand. There are many issues in the mints around the world though, Perth Mint have been at 100% production for a while and selling everything out, US mint is barely producing anything due to shortages over there.

Retail silver is often the most visible element of the industry but it is also often the most conflicted data. People will look at Perth Mint selling 1.7M ounces of silver one month, and 2.4M the next and think this is purely demand driven when in the last 18 months it has been nearly all supply driven.