Hi Silv.................... From the latest IVR Ann.:-Global...

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