The new numbers for the US Geological survey came out last week on silver and gold.
Manuscript approved for publication January 28, 2016.
Production may have decreased just a tad, yet consumption is up significantly. If 25% of silver is derived from copper mines, then supply of silver certainly seems to be a concern given the potential copper mine shutdowns. Note the consumption v/s price figures on silver in relation to 2014. If this doesn’t exhibit a misalignment of the silver price from a big picture view, then I don’t know what does.