by Mark O’Byrne, Gold Core:
– Silver production sees “huge decline” in Peru
– Production -12% in one month in 2nd largest producer
– Silver decline is due to ‘exhaustion of reserves’ in Peru
– GFMS recognise that ‘Peak Silver’ was reached in 2015
– Global silver market had large net supply deficit in 2016
– Silver rallied 13.5% in Q1 in 2017
– Base metal production accounts for 56% of silver mining
– Base metal demand under threat from global economy
– Own financial insurance of silver coins and bars
Investors and silver stackers should position themselves for falling silver production around the globe. Peru has just posed another 12% fall in silver production – Peak Silver is here.
SRSrocco Report has drawn attention to falling silver production in Peru and how this is likely to be echoed across the globe in the wake of the looming debt crisis in an article published yesterday.
The world’s second largest silver producer, Peru, has reported a 12% fall in February’s silver production to 323.1 metric tons, from the same period last year.
As written about in SRSrocco’s report on the matter, Peru’s ‘silver production fell 12% to 323.1 metric tons (mt) this February versus 367.4 mt the same month last year.’
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