Chile's silver production drops by a Massive 32%

in #silver8 years ago (edited)

Chile's silver production drops by a massive 32% in the last 12 months, Chile is the worlds 5th biggest silver producer. The country’s silver production fell to 3.1 million oz (97 ton) compared to 4.6 million oz (142 ton) in the same month last year ending in May

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For more information go to the source at SRSocco report.

https://srsroccoreport.com/chiles-silver-production-down-a-stunning-32/

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Silver is the real Money!

That's very true my friend.

Shwing!!

Silver rocket to the launching pad. Lol

How big of an impact will this have on the physical ag market?

It's not the only country in decline, Have a read of the article. He is saying the production has dropped is Mexico, Peru and Australia. Cheers

Yes I heard a couple mines actually closed in Mexico. U spelled "massive" wrong my friend. Perhaps u have bulbous fingers like me? :)

Thanks for that, I just think a lot faster than I can type. Lol, Can't type for shit actually. Cheers.

That's some good news for my Silver stocks, thanks for sharing!

Yeah, it's been a while since we've had some good news, cheers.

Indeed, but it let me bought in the dip. Commodity’s like gold, silver, (oil) and uranium will rise again after some terrible years.

They will shine again my friend it's just a matter of time, cheers.

I had no idea Chile had such large silver production. Such a tiny country and all. Thanks for learning me something today..and it's still early haha today's gonna be a good day

Cheers my friend, South America is by far the biggest producers of the worlds silver. Thanks for your comment.

What is the exact reason for this?

They had a large copper mine shut down, Which produces a lot of silver and union strikes. There are reduction in other silver producing countries as well, so they say. Cheers

Highly appreciated @silverbug.

It will be interesting to see how the spot price changes due to this...

I think it will take quite a while to work thru, who knows it might pick up somewhere else. All we can do is sit back and wait my friend, cheers.

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Thanks for the upvote and thanks to @blueorgy

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Just checking to see if you are watching @blueorgy, have a nice day, cheers.

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