Hi Silv.................... From the latest IVR Ann.:-
Global Silver Production….*
• ~900Moz produced annually • ~75% of production as by-product – Pb, Zn & Au • Largest producers – China, Australia, Russia, Peru, Mexico, and Chile • 2021 primary silver mine output fell by 12% to 210M oz • Any reduction in Chinese & Russian exports would put pressure on global supply • 2022 global demand – 1.21B oz – up 16%
Interesting ~900,000,000 oz produced annually • 2021 primary silver mine output fell by 12% to 210,000,000 oz • 2022 global demand – 1,210,000,000 oz – up 16%
I am aware of other silver influences supply etc . However a quick look and one would think this trend cannot be sustained ? Yes/No
IVR Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
