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Stefan Gleason: Blundering miners are dumping every ounce they produce
By Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Tuesday, September 3, 2024
On an annual basis, global silver supply generated by mines seems to have run into a ceiling of about 1 billion ounces. Supply has essentially flat-lined over the past several years.
At the same time, explosive growth in demand from photovoltaics (solar panels) and electric vehicles is driving widening projected supply deficits for physical silver.
Rising silver prices will, in theory, incentivize more production. But the costs of extraction are rising sharply. ...
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