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|
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.)
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.
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)