My take is supply demand imbalances due Central American producers reduced output caused by covid and short covering by bullion banks. Also PM speculators turning to silver as a cheaper alternative to gold as it becomes more expensive.
Off topic and I'm not sure I've mentioned this before but AMI aurelia's 2 mines Peak and Hera are a stones throw away next door, there's some questions related to life of mine with AMI. I wonder if there could be some synergies between these 2 companies going forward. Do we have anyone with more knowledge in relation to the Cobar basin on the forum?
