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Title: UPDATE: New Silver Supply Is Drying Up Faster Than Death Valley
Source: [None]
URL Source: https://goldsilver.com/blog/update- ... _medium=email&utm_source=zaius
Published: Jun 22, 2020
Author: Jeff Clark, Senior Analyst
Post Date: 2020-06-22 13:44:26 by BTP Holdings
Keywords: None
Views: 3504
Comments: 31

UPDATE: New Silver Supply Is Drying Up Faster Than Death Valley Jeff Clark, Senior Analyst, GoldSilver.com JUN 22, 2020

The annual data for silver supply is in, and it shows that the structural decline in new supply for the silver market has strengthened. It is not temporary, and can’t be easily resolved or reversed.

The main issue is the deterioration in mine production, although scrap sources are falling as well. This is important because much of the bullion you and I buy comes from newly-mined silver. Secondary sales (bullion products that have been previously bought and sold) will always have a place in the industry, but to be prepared for the kind of rush Mike Maloney sees ahead, mine production will need to be healthy and rising. It is neither of those things, as you’ll see.

Let’s take a look at what is happening to the silver mining industry, as well as other supply sources. As you read through the research, see if you can identify the one and only factor that can reverse this situation…

Silver Mine Production According to CPM Group, global mine production fell for the fourth consecutive year in 2019. This was before Covid-19 struck and temporarily shuttered operations, so a further decline this year is already baked in the cake. Most estimates I’ve seen are for silver mine output to drop by at least 10% in 2020.

Mine production from primary silver companies also fell last year, by 3.8%. It, too, is expected to drop by double digits this year.

Add it all up and you get a picture of mine supply that looks like this.

Click for Full Text!


Poster Comment:

Good charts at source.

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Begin Trace Mode for Comment # 11.

#1. To: BTP Holdings (#0)

The supply of silver in the earth is actually drying up? This too would come under the heading of a grossly overpopulated world.

NeoconsNailed  posted on  2020-06-22   14:11:40 ET  Reply   Untrace   Trace   Private Reply  


#2. To: NeoconsNailed (#1)

The supply of silver in the earth is actually drying up? This too would come under the heading of a grossly overpopulated world.

Silver is used for many processes and applications. Once it is gone, it is gone for good. ;)

BTP Holdings  posted on  2020-06-22   14:38:02 ET  Reply   Untrace   Trace   Private Reply  


#3. To: BTP Holdings (#2)

Where does it go? Wonder how many tons of it are languishing in little teeny bits in garbage dumps, dead ppl's teeth etc. Oh well, I'm sure they'll find massive veins of it somewhere a few years down the road.

NeoconsNailed  posted on  2020-06-22   16:17:26 ET  Reply   Untrace   Trace   Private Reply  


#4. To: NeoconsNailed (#3) (Edited)

Wonder how many tons of it are languishing in little teeny bits in garbage dumps, dead ppl's teeth

Silver Amalgam fillings use mercury to make the metal pliable so they can get it into the cavity to fill it. On the negative side, those Amalgam fillings emit small amounts of mercury vapor which is a poison and goes directly to the brain.

I had all my Amalgam fillings removed years ago and replaced with porcelain. ;)

BTP Holdings  posted on  2020-06-22   17:06:17 ET  Reply   Untrace   Trace   Private Reply  


#5. To: BTP Holdings (#4)

"In July 2018 the EU prohibited amalgam for dental treatment of children under 15 years and of pregnant or breastfeeding women" -- wikid. And it's what we boomers all got as kids, right?

It's really strange when you think of it. Did our folks ever think to try feeding us less sugar? Dad had a mouthful of gold. ;)

NeoconsNailed  posted on  2020-06-22   17:13:39 ET  Reply   Untrace   Trace   Private Reply  


#11. To: NeoconsNailed (#5)

Did our folks ever think to try feeding us less sugar? Dad had a mouthful of gold. ;)

I got wise to the sugar bug long ago. Now I use Truvia or honey to sweeten things.

My Dad would never brush his teeth. He would rinse his mouth with water. He ended up getting a couple of tooth implants when he lived in Tucson. :-/

BTP Holdings  posted on  2020-06-22   18:49:50 ET  Reply   Untrace   Trace   Private Reply  


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