Thursday, November 26, 2020

Tag: Silver News: Mine Production Falls for First Time in 14 Years; New Technologi…

Silver News: Mine Production Falls for First Time in 14 Years; New Technological Breakthroughs

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by Peter Schiff, Schiff Gold:
Silver mine production dropped in 2016 for the first time in 14 years.

The Silver Institute highlights the story in its June issue of Silver News, along with the latest technological advances utilizing the white metal.

Falling mine production was a factor in driving down the overall silver supply last year.

Global silver mine production in 2016 recorded its first decline since 2002. When added to declining silver scrap supply, which posted its lowest level since 1996, and a contraction in producer hedging, total silver supply decreased by 32.6 million ounces in 2016.”