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.

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.




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