NST - anyone else surprised by price performance last 2 days?, page-50

The market sentiment seems to be, 'There is an infinite supply of silver and gold! You can buy the futures almost anywhere!'

However,in a quick cameo to silver..

China stands among the top five silver consumers globally, with an average annual demand of 6300 tons over the past decade. Startlingly, the United States Geological Survey (USGS) data from 2011-2020 reveals that China's yearly silver mineral production barely reaches 3350tons, leaving a significant supply gap of approximately 3000 tons to be fulfilled through imports.

China has been buying more refined silver overseas to make up the growing shortfall.

To ensure Silver supply and meet their growing industrial demand, they are paying a higher price for Silver in Latin America than competing buyers are.

China is in many cases assuming the cost of Silver Concentrate treatment and subsidizing the concentrate vendor for it.In some cases, they are subsidizing more than 100%of Concentrate treatment cost.

Maybe there will soon come a time, when the large consumers, will be knocking on NST's door, and offering the full refined gold price, for NST's concentrate, and paying all refining costs, themselves??

These paper bullion games, one day, are going to meet the hard, engineering reality, there is a difference between futures and the hard shiny stuff!