99% of medium scale precious metal relying miners will have to pause operations if the diesel prices continue to increase and spot prices don't increase. And you would have to suggest many large scale ones too. In time that will likely increase the prices of gold and silver due to shortages but will obviously present short term challenges for share prices.
Given the rhetoric coming from the west that looks increasingly insane we are heading full steam into nuclear WW3 and diesel prices are going to be going through the roof in the next 6 months. Prices will not be the only concern either, the ability to even source it will become a new challenge. Hopefully all the insane rhetoric is just the paper dog barking loudly one last time but it is hard to know.
Fortunately for silver it is within realm of possibility that we see up to a 10x increase in price in the coming months once the paper markets collapse due to them running out of silver to trade. Which should make it profitable even with very high diesel prices, but still, predicting these types of events is difficult to say the least. And large money isn't going to begin flowing until it is more obvious and less risky than now.
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