2016 US Geological Survey on Minerals

The new numbers for the US Geological survey came out last week on silver and gold.
Manuscript approved for publication January 28, 2016.
http://minerals.usgs.gov/minerals/pubs/mcs/2016/mcs2016.pdf

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.

Silver
http://minerals.usgs.gov/minerals/pubs/commodity/silver/mcs-2016-silve.pdf

Gold
http://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2016-gold.pdf

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