Ag Shortage?

[BigJim#1-8]

Bloomberg seems to think so. I believe Provident or another dealer warned of this, couldn't find the thread. We'll see.

https://www.bloomberg.com/news/arti...jewelry-has-bulls-betting-on-shrinking-supply

 

[EO 11110]

all of that ink and no mention of copper mining? pathetic

 

[Someone_else]

According to the article, the last year's production was only 760 million ounces. In recent history, the number 900 million was thrown around a lot, but I believe it included "reclaimed" silver.

It's good to read "what", but I also want to understand the "why". EO makes an excellent point that a great part of silver production is secondary. So it would be good to include some facts on copper (and gold? lead? tin?) refining, which is a strong part of silver supply.

 

[skychief]

the price could spike as high as $17.50 an ounce from about $15.87 now, according to a Bloomberg survey of 11 traders and analysts.

OMG. . . another Ag "shortage" . . . *yawn*