Silver demand set a record in every category in 2022 and is expected to continue growing. Meanwhile, silver production flatlined. Record global silver demand and a lack of supply upside contributed to a 237.7 million ounce market deficit in 2022.
The trends indicate that this deficit will expand in the next several years as demand continues to surge as supply begins to shrink, and there are some concerning trends indicating supply may contract rapidly in the coming years.
Mine output fell significantly in three of the world’s top silver-producing countries through the first half of the year.
Peru’s silver production fell 10%, mine output in Mexico fell 4%, and silver production in Chile was down 7%, according to data released by government agencies in those three countries.
I want Fun on Friday to be, well, fun. But I also want to provide a public service to you, my dear readers. Today, I have a really good pro-tip for you.
Close your vault.
And lock it.
Immigration policy is one of the biggest issues facing America right now. It’s also one of the most contentious. Should the US build a wall along the Mexican border? Are there other immigration policy reforms the US should consider? And why does it even matter?
Mike Maharrey explores the immigration issue with journalist Ryan Girdusky in this episode of It’s Your Dime. They also talk politics, discussing the midterm elections and Trump’s prospects for 2020.
