Commodity Trade Mantra

Posts Tagged ‘Silver Mine Supply’

Peak Silver & Continued Supply Deficits Indicate Higher Silver Prices Soon

We estimate that silver mine supply peaked in 2015 and will trend lower in the foreseeable future. Due to the huge increase in Global Silver ETF demand & a large Exchange Inventory build, the silver market will suffer a forecasted 185 Moz annual deficit in 2016. Declining total supply is expected to be a key driver of annual deficits, thereby leading to higher silver prices going forward.

Massive Silver Shortages As Silver Investment Demand Surges

The U.S. and Canadian Silver Bar and Coin demand hit a record 133.1 Moz in 2015. That being said, they suffered a 85.5 Moz net physical silver investment deficit. Which means, these two countries had to import 85.5 Moz of silver just to supply Silver Bar and Coin demand. When institutions & hedge funds start to move into silver in a big way, there just won’t be enough silver to go around.

Global Silver Supply Deficit Surges On Revised Data

If the cumulative global silver supply deficit since 2004 of one billion ounces wasn’t large enough, a data revision published by the Silver Institute shows the actual figure was much higher. How much higher? A great deal when the additional revised amount would totally wipe out all the silver at the Comex and Shanghai Futures Exchange warehouses.

Silver Investment Surge Pushes North American Domestic Supply To Record Deficit

Total sales of Silver Maples & Silver Eagles of 81.3 Moz in 2015 is 33.7 Moz over domestic silver mine supply of 47.6 Moz from U.S. & Canada. This includes sales of Only the two Official Silver Coins. U.S. & Canada had to import 33.7 Moz to produce just these two. While they continue to import silver to meet current silver investment needs, it may not be true in future.

Big Trouble Ahead For Copper Is Good For Silver Prices

What kind of surpluses will the world experience when the copper finance trades go south on top of slowing global industrial demand? Why is this good for silver? As global base metal supply, especially copper, starts to decline, it will drastically impact global silver mine supply. Around 55% of world silver mine supply comes from copper, zinc and lead production.

Record Breaking Silver Factors In 2015 Make 2016 Promising

There has been a huge increase of U.S. & Indian silver imports & record Official Silver Coin demand in 2015. Global silver mine supply will be lower in 2016 due to the shutting down of several base metal mines. When you add up all factors, I believe 2016 could surprise investors even though we are currently experiencing a short-term bullion bank precious metal price take-down.

Silver Imports From The U.S. Continue At Record Volumes

Physical silver investment demand cooled down in Oct & Nov. However, the U.S. imported 557 metric tons of silver in Dec compared to 418 mt in Nov. Now, if we look at the entire year, the U.S. imported nearly 1,000 mt more silver than it did in 2014. Why would silver imports surge in December, if physical investment and industrial demand was lower?

Do The Silver Market Fundamentals Matter? If Yes - When?

This is the question an increasing number of gold and silver investors are asking themselves. Unfortunately, the fundamentals don’t provide the EXACT TIME when they matter. Yes, it’s true that the propping up of the markets by the Fed and Central Banks has gone on longer than we realized, the unraveling of the World’s Greatest Financial Ponzi Scheme is still on its way.

What If This Retail Physical Silver Supply Shortage Doesn’t End?

If the U.S. and world suffer either a market crash or Black Swan event in the next several months, we will see the current physical silver product shortage extend to a point that it may never end. If we do not get the highly anticipated market crash, then this present tightness in the physical silver market may lighten up by the end of 2015 or beginning of 2016.

When The Global Silver Shortage Arrives… It Will Be Too Late

Investors need to realize the market has suffered several retail silver shortages since 2008. Understand that these were “Tremors” for the massive earthquake to come. Who wants to wait for an earthquake to get prepared?? These huge spikes in retail (and minor wholesale) demand are blinking red lights & sirens going off warning of the major global silver run in the future.

Indian Silver Imports On Track To Smash All Records

India imported 25% of world silver mine supply in 2014. The latest data through April show Indian silver imports running about 30% above the 2014 record pace, on track for about 300 mn ounces of imports in 2015. India imports alone are on pace to consume about 1/3 of total global silver supply available in 2015.

2015 Silver Eagle Investment Demand Continues To Be The Big Winner

From 1987 to 2000, the U.S. Mint sold 15 Silver Eagles for every ounce of Gold Eagles. Then from 2001 to 2007, this nearly doubled to 29 to 1. From 2008 to 2014, the rate of Silver Eagle to Gold Eagle sales jumped to 41 to 1 & then 84 to 1 in 2014. Th e current demand in February are a staggering 213 to 1.

India Imports Record Amount Of Silver In November

India imported 1,254 mt of silver just in November, compared to a total of 1,274 mt for 2009. Furthermore, Indian silver imports in October and November (2,497 mt) were higher than the total in 2012 at 1,922 mt. India’s estimated 2014 silver imports at 7,400 mt equals 234 million oz (Moz) or 28% of total world mine supply of 825 Moz.

2014 Silver Mine Supply May Come In Less Than Estimated

The GFMS global map shows silver production remaining flat in China & Russia, with large declines in Australia, North America & Kazakhstan. GFMS shows large increases in Guatemala, Mexico, Peru & Chile. With Australia & Kazakhstan down considerably compared to last year, global silver production will come in less than GFMS forecasts.

Indian Silver Imports Setting Up For Another Big Record Year

With strong demand in Oct, India imported 5,535 mt of silver year to date, with two months remaining. If India imports a conservative 350 mt of silver for each of the remaining two months, that would be a little more than 6,200 mt. In 2013, India imported 5,819 mt of silver & US imported 5,080 mt; totaling 42% of global silver mine supply.

Silver Eagle & Maple Leaf Record Sales: Five Times Larger Than 2007

Total sales of Silver Eagles & Maples were only 13,870,000 in 2007. In just 7 years, sales of these two top coins are 5 Times Larger at an estimated 71.5 million & now represent nearly 9% of global silver mine supply in 2014, compared to 2% in 2007. Silver Eagle sales for 2014 could be 43 million, while Silver Maples may reach 28.5 million.

Silver Demand Jumps, 2014 Silver Eagles Bullion Coins Sold Out: US Mint

In a day, investors bought around 90% of the daily global mine supply through Silver Eagles ALONE. American Eagle silver coin sales are temporarily sold out. And yet, COMEX silver futures dropped to $15.12 yesterday, the lowest since February 2010. Would like to know if this is anything else other than plain & simple “Manipulation”?

U.S. Silver Stocks Collapse As Public Debt Skyrockets

The U.S. Government liquidated 99.99% of its silver inventories and the majority of its gold reserves. In return for pawning off the greatest hoard of Gold and Silver on the planet, the Fed now holds $4.4 trillion of worthless crap on its balance sheet, $2.4 trillion in U.S. Treasuries & $1.7 trillion in MBS.

India's Silver Imports Near Record At A Quarter Of Global Mine Supply

India imported 2,882 tonnes (92.6 million ounces) of silver in the first six months of 2014, down slightly from the previous record set last year at 2,980 tonnes. According to the 2014 World Silver Survey, global silver production around 800 million ounces in 2013. Thus, India imported 23%, nearly a quarter of global mine supply.

Silver Money And Currency - “Real Value” versus “Perceived Value”

There is one factor in the silver market that Fiat Monetary Authorities & Banking Institutions are deeply concerned about – Controlling the public’s understanding of “Real Value” v/s “Perceived Value.” As gold & silver compete currencies, they pose a threat to the current transfer of wealth to the rich & need to be manipulated.

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