/biz/ - Business & Finance

Also, quietly posted by Reuters today : admission we are consooming much more silver than we produce, and that the reserves are growing very, VERY thin.
>2021 : 51Moz undersupply
>2022 : 241Moz undersupply
>2023 projection : 142Moz undersupply (protip : it will be much worse than that)

Per the article, 2 last years deficit in silver wiped out cumulative surplus from the ENTIRE previous decade of production. Back when the demand was very low on the investment side.

How much more silver is left in the reserves? They surely can't continue to pull 200Moz out of their hat every year for much longer. Not when the comex is already down -77%.