TSI editor’s note: Energy and precious metals analyst Steve St. Angelo uses charts to depict the dramatic decline in silver production in the first half of 2020. With supply of physical tight, and high premiums, can the mines fulfill demand in the second half? St. Angelo hints perhaps not.
“With Mexico finally releasing its mine supply data for April, the top two silver producers saw their combined silver output decline by 53%. To give you an idea of the amount of lost silver mine supply from Mexico and Peru, it was more than all the global gold production that month. Actually, it was 1.5 months worth of world gold mine output.”