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SHOCKING CHART: The Silver Supply Crunch Continues

by Steve St. Angelo, SRS Rocco Report:

There is no other way to describe the radical change that has taken place in several areas of the silver supply market this year other than to say…. it’s quite shocking. While certain analysts stated that the silver supply would indeed fall this year, I don’t believe anyone could have envisioned the kind of declines experienced in the chart below.

When I first discussed this subject matter in an interview last month, I thought there might be a chance that this silver data was incorrect… a typo of some sort. However, the second quarter figures that were just released, do confirm just how dreadful silver supply has fallen from these two areas.

With the ongoing surge in physical silver investment demand and the rapidly falling Registered Silver Inventories at the COMEX, any decline in silver supply will only exacerbate the current tightness in the silver market.


Now, when we talk about “Declines”, the market normally thinks of changes in the 2-5% range. This may not seem like a lot, but when we are discussing large figures, 2-5% can add up to a lot of silver. That being said, the figures shown in the graph below… ARE TOTALLY OFF THE CHARTS:

According to the data put out by official sources, Canada’s silver production (Jan-Jun) this year is down nearly 20% and Australia’s is down a stunning 30%. While it’s true that Canada isn’t a large silver producer, a 20% decline is still a big number in my book. The reason for the decline in Canadian silver production is due to several large base metal zinc mines shutting down operations last year.

As for why Australia’s silver production fell a whopping 30% decline (-9.5 million oz) in the first half of the year, part of the reason may be due to a major drop in supply from the world’s largest silver mine… the Cannington Mine. Regardless, the combined silver supply from these two countries fell a stunning 28%, 11 million ounces in just the first half of the year.

Even though silver production has declined from some of the other leading producers, it’s quite surprising to see the 4th ranked country in the world suffer a 30% reduction in supply in one year.

According to the data put out by several sources (Mexico INEGI, Peru Ministry of Energy & Mines, Australia Dept. of Energy & Resources and Chile’s Cochilco) here are the trends of the top five producers for half-year:

Read More and Share at https://srsroccoreport.com/shocking-char...continues/
Yea yea yea... we've heard this before.... when we are paid a premium for selling back silver then we will know there is a true shortage..... this is just silverporn...
You must not have done any research or read this article .
(09-23-2015 07:09 AM)silversurfer Wrote: [ -> ]You must not have done any research or read this article .

Dude how many times since 2011 have there been this same story? I can go to three local coin shops and get all the silver I want.... these guys are the rare coin type guys not the bullion type guys however ... I walked in frequently just to chat.... so hard getting silver guys? Nope, not really... little longer and some price gouging... how many eagles do you want is what they say.... been back on and off 4 times in the last two months... and stopped this weekend....

Sorry BS Flag
start listening at 51 minutes Rick Rule talks silver shortage... or the lack of a silver shortage... he explain how it was tight and what was tight however don't believe the Silver Shills here anymore please.


http://www.trunews.com/listen/

Wednesday September 23, 2015 – Cliff Kincaid & Rick Rule - Conservative journalist Cliff Kincaid and Rick discuss the establishment news media’s outrage over Dr. Ben Carson’s comments that he would not support a Muslim for President. In Segment 2, Sprott USA Holdings Inc. CEO Rick Rule shares with Rick his perspective on the state of the global economy. Download MP3 Cliff Kincaid | Accuracy In […]
Read more at http://www.trunews.com/listen/#jkQsYPk8a3VXdem9.99
You did not comment specifically on the Steve St. Angelo article??
(09-24-2015 02:20 AM)silversurfer Wrote: [ -> ]You did not comment specifically on the Steve St. Angelo article??

I really don't need ... I posted Rick Rule just to give you a different perspective from a GATA shill... he even says... no Silver not so tight... these are "your peep's" and they are saying... no silver shortage...
(09-24-2015 10:30 AM)a07216 Wrote: [ -> ]
(09-24-2015 02:20 AM)silversurfer Wrote: [ -> ]You did not comment specifically on the Steve St. Angelo article??

I really don't need ... I posted Rick Rule just to give you a different perspective from a GATA shill... he even says... no Silver not so tight... these are "your peep's" and they are saying... no silver shortage...

Published on Aug 25, 2015 - Renowned gold expert Jim Sinclair stands by his prediction last year of an eventual gold price of $50,000 per ounce. Sinclair explains, “You have to understand we are going into unprecedented deflation, and it’s the reaction of central banks around the world to the concept of deflation that brings about hyperinflation. . . . There will be debt monetization of all kinds of debt to maintain some sort of equilibrium.

The price of gold is going to go to a level that is going to surprise everybody. I was told that this is a rally that you won’t sell. That means gold will go to a level and not react violently down from that level. . . . This is when gold is going to levels that today are considered more mental illness than monetary analysis.

Silver is best understood as gold on steroids because whatever potential and direction is taken up by gold, silver will be multiplied by 2 or by 5. . . .Silver will outperform gold.”
(09-24-2015 04:36 PM)Thinker Wrote: [ -> ]
(09-24-2015 10:30 AM)a07216 Wrote: [ -> ]
(09-24-2015 02:20 AM)silversurfer Wrote: [ -> ]You did not comment specifically on the Steve St. Angelo article??

I really don't need ... I posted Rick Rule just to give you a different perspective from a GATA shill... he even says... no Silver not so tight... these are "your peep's" and they are saying... no silver shortage...

Published on Aug 25, 2015 - Renowned gold expert Jim Sinclair stands by his prediction last year of an eventual gold price of $50,000 per ounce. Sinclair explains, “You have to understand we are going into unprecedented deflation, and it’s the reaction of central banks around the world to the concept of deflation that brings about hyperinflation. . . . There will be debt monetization of all kinds of debt to maintain some sort of equilibrium.

The price of gold is going to go to a level that is going to surprise everybody. I was told that this is a rally that you won’t sell. That means gold will go to a level and not react violently down from that level. . . . This is when gold is going to levels that today are considered more mental illness than monetary analysis.

Silver is best understood as gold on steroids because whatever potential and direction is taken up by gold, silver will be multiplied by 2 or by 5. . . .Silver will outperform gold.”


Yes all this is correct... however Sinclair is the guy who invented the precious metal Shill... do some internet digging.... he once when young, dressed up a guy to look like an Arab Sheik and walked him across the trading floor and then made it look like a rush into metals .... he's a born shill that's all I'm saying....

Everyone timing is off right now... I own probably more green monster boxes than anyone on this site... so I don't hate precious metals... I hate those who shill people ... however if you must then go buy the heck out of silver.... and gold... I will and have been sitting on cash to make an additional purchase... at the right time... the right time is not right.... and yes when it dips and corrects there will be premiums and shortages and panics... what we got right now is not a true shortage yet...
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