Housekeeping: Good Morning.
Only continued drawdowns from above-ground stocks that can balance the market in the next few years
Metals Focus just put out its weekly report. This piece breaks down that work. You can get it at their site here (free if you sign up). Alternatively we have the original PDF also attached at bottom.
Contents:
Bottom Line: Wake Up Call
Analysis: Only Above Ground Stocks and Scrap Can Save Silver Supply Now
Final Note: The Industry is Upside Down With Financialization
Full MF Report: with added edits
PDF format
1- Bottom Line: Wake Up Call
This report’s title asks the right question. It is titled: Can silver mine supply meet increasing industrial demand? The conclusion is a resounding no.