UPDATE: New Silver Supply Is Drying Up Faster Than Death Valley

Source: https://goldsilver.com/blog/update-new-silver-supply-is-drying-up-faster-than-death-valley/?utm_campaign=20200622_Silver_Supply_Drying_Up_Jeff_Newsletter&utm_content=touchpoint_1_newsletter&utm_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
Views: 3871

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.

Post Comment   Private Reply

#1: NeoconsNailed    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   Reply   Private Reply

#2: BTP Holdings    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   Reply   Private Reply

#3: NeoconsNailed    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   Reply   Private Reply

#4: BTP Holdings    To: NeoconsNailed (#3)

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   Reply   Private Reply

#5: NeoconsNailed    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   Reply   Private Reply

#6: Ada    To: NeoconsNailed (#1)

Used to be industrial use for silver in photography. Commercial use is limited these days.

Silver is usually a by-product of other types of mining like lead or copper.

Ada posted on 2020-06-22 17:26:09   Reply   Private Reply

#7: NeoconsNailed    To: Ada (#6)

But what will jewelers do?

NeoconsNailed posted on 2020-06-22 17:28:19   Reply   Private Reply

#8: Lod    To: BTP Holdings (#0)

Were there any shortage of Ag, it would be trading much higher than $17/oz.

Lod posted on 2020-06-22 17:35:35   Reply   Private Reply

#9: Esso    To: Lod, 4um (#8)

Were there any shortage of Ag, it would be trading much higher than $17/oz.

Right you are.

Esso posted on 2020-06-22 18:25:19   Reply   Private Reply

#10: BTP Holdings    To: Lod (#8)

Were there any shortage of Ag

The Hunt brothers tried to corner the silver market but failed and lost their shirts. ;)

BTP Holdings posted on 2020-06-22 18:42:23   Reply   Private Reply

#11: BTP Holdings    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   Reply   Private Reply

#12: BTP Holdings    To: Ada (#6)

Silver is usually a by-product of other types of mining like lead or copper.

Except for the Comstock Lode in Nevada. ;)

BTP Holdings posted on 2020-06-22 19:00:51   Reply   Private Reply

#13: BTP Holdings    To: NeoconsNailed (#3)

Where does it go?

I cannot wear silver rings since it turns my skin black. :-/

BTP Holdings posted on 2020-06-22 19:19:32   Reply   Private Reply

#14: StraitGate    To: Esso, Lod (#9)

Some types of solar cells use silver, and that helped drive up the price for a while several years ago. But like wind power, in time solar power's luster wore off -- the EROI wasn't as good as hoped and touted.

StraitGate posted on 2020-06-22 21:08:29   Reply   Private Reply

#15: NeoconsNailed    To: BTP Holdings (#13)

I wonder why. Has anybody ever explained it? Does it go back to normal after you take it off?

NeoconsNailed posted on 2020-06-22 22:04:40   Reply   Private Reply

#16: BTP Holdings    To: NeoconsNailed (#15)

I wonder why.

It seems to be the acid in my skin that is the cause. ;)

BTP Holdings posted on 2020-06-22 22:06:52   Reply   Private Reply

#17: NeoconsNailed    To: BTP Holdings (#16)

Is your skin more than usually acidic?

NeoconsNailed posted on 2020-06-22 22:08:14   Reply   Private Reply

#18: BTP Holdings    To: NeoconsNailed (#17)

Is your skin more than usually acidic?

I have no idea. ;)

BTP Holdings posted on 2020-06-23 08:26:54   Reply   Private Reply

#19: NeoconsNailed    To: BTP Holdings (#18)

You'd better find out. A new govt study says Covid-19 makes a special point of bothering ppl that silver turns the skin dark of -- it makes 'em breathe fire, turns 'em cross-eyed and turns their teeth to walnut wood! ;)

NeoconsNailed posted on 2020-06-23 10:30:10   Reply   Private Reply

#20: Ada    To: BTP Holdings (#12)

IIRC the Comstock has been flooded.

Ada posted on 2020-06-23 10:36:17   Reply   Private Reply

#21: Ada    To: NeoconsNailed (#7)

Silver, gold and platinum are still used in jewelry, but you might have noticed women wear much less of that stuff these days. I suspect that the rise in precious metals prices has to do with a fear of inflation.

Ada posted on 2020-06-23 10:40:22   Reply   Private Reply

#22: BTP Holdings    To: NeoconsNailed (#19)

A new govt study says Covid-19 makes a special point of bothering ppl that silver turns the skin dark of

What study might that be? Do you have a link? ;)

BTP Holdings posted on 2020-06-23 12:46:16   Reply   Private Reply

#23: NeoconsNailed    To: BTP Holdings (#22)

It was by Dr. Faucistein >;)

NeoconsNailed posted on 2020-06-23 13:00:48   Reply   Private Reply

#24: BTP Holdings    To: NeoconsNailed (#23)

It was by Dr. Faucistein

It would be tainted in that case. ;)

BTP Holdings posted on 2020-06-23 13:30:02   Reply   Private Reply

#25: NeoconsNailed    To: BTP Holdings (#24)

He says he has an injection of puddle water from the chemical plant waiting for you ;)

NeoconsNailed posted on 2020-06-23 13:41:47   Reply   Private Reply

#26: BTP Holdings    To: NeoconsNailed (#25)

He says he has an injection of puddle water from the chemical plant waiting for you

I don't need that crap. Who knows what is in the puddle. ;)

BTP Holdings posted on 2020-06-23 15:16:41   Reply   Private Reply

#27: NeoconsNailed    To: BTP Holdings (#26)

But he says puddle waters are good for us!

NeoconsNailed posted on 2020-06-23 16:36:04   Reply   Private Reply

#28: BTP Holdings    To: NeoconsNailed (#27)

But he says puddle waters are good for us!

Is he saying why this is so? ;)

BTP Holdings posted on 2020-06-23 16:49:29   Reply   Private Reply

#29: NeoconsNailed    To: BTP Holdings (#28)

He sez they're full of nice fresh rainwater plus chemicals that are naturally occurring in blacktop ;)

NeoconsNailed posted on 2020-06-23 16:58:53   Reply   Private Reply

#30: BTP Holdings    To: NeoconsNailed (#29)

nice fresh rainwater plus chemicals that are naturally occurring in blacktop

I guess when we overlaid the Northbrook yard and they failed to prefill the pot holes, the couple dozen bird baths that turned up after the first rain storm might have been a good place to start.

I had no idea bituminous would hold valuable minerals. ;)

BTP Holdings posted on 2020-06-23 17:11:20   Reply   Private Reply

#31: NeoconsNailed    To: BTP Holdings (#30)

A govt expert never lies ;)

NeoconsNailed posted on 2020-06-23 17:14:28   Reply   Private Reply