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Falling Supply & Surging Physical Investment, We Could See Some Crazy Silver Prices
To make matters worse for the silver supply, the impact of the global contagion will likely shrink production by another 30-50 Moz. So, there is an excellent chance that world silver mine supply falls below 800 Moz, to 785-795 Moz for 2020. Hell, it could be even lower if the situation continues to get worse in the second half of 2020.
The overwhelming majority of investors have no idea how undervalued silver is as an asset. With falling supply and surging physical investment demand in the future, we could see some crazy silver prices.
Steve St. Angelo
Thu, 06/11/2020 – 09:27