Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By dailynewsforyou
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Silver Prices: Here’s How $50.00 Silver Could Be in Rearview Mirror

% of readers think this story is Fact. Add your two cents.



Dismal Silver Production to SendSilver Prices Soaring?

If you want to know where silver prices are headed, then just look at silver mine production. It’s screaming that the gray precious metal could soar.

Why does silver mine production matter? As my colleagues and I have mentioned many times in these pages, the demand for silver remains resilient—even when silver prices are down. If mine production tumbles, it could distort the basic economic equation and send silver prices soaring.

With this said, on nearly a daily basis, we are seeing information that silver production continues to face constraints. For example, please see the table below of silver production in Mexico since 2010. Why Mexico? It’s the biggest silver producer in the world.

Silver Mine Production in Mexico, 2010–2015

Year Silver Production in Kilograms Year-Over-Year Increase
2010 3,499,470 29.93%
2011 4,150,347 18.60%
2012 4,496,393 8.34%
2013 4,860,923 8.11%
2014 4,729,407 -2.71%
2015 4,895,671 3.52%

Data source: “Value and volume production of Silver,” Servicio Geológico Mexicano, last accessed March 23, 2016.

Notice something interesting? Mexico’s silver production is plateauing.

In 2010, the country produced almost 30% more silver than a year earlier. In 2014, mine production witnessed its first decline since 2007. In 2015, it increased a little bit, but it’s nowhere close to the previous years’ growth rates.

If you pay attention to other silver-producing regions, things are actually looking worse.

Consider the U.S., for example. Silver mine output in 2015 declined more than nine percent in the U.S. (Source: “Mineral Industry Surveys,” U.S. Geological Survey, last accessed March 23, 2016.)

And when you look at Canada, one could actually say that silver production in the country is collapsing. (You can read more about Canadian silver production in 2015 in my article, “Silver Prices: This Could Send Silver Prices Soaring 32%.”) In January, silver mine production in Canada declined by nearly 18% in the first month of 2016 from a year ago! (Source: “Production Of Canada’s Leading Minerals,” Natural Resources Canada, last accessed March 23, 2016.)

Read Full Article On ProfitConfidential



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.