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The Curious Case of Languishing Silver Prices

In the Money Metals Exchange Article "The Curious Case of Languishing Silver Prices" by writer Clint Siegner, he goes over the current silver price.

The silver market is facing a persistent structural deficit, with rising demand not being reflected in the price. Silver is becoming increasingly difficult to find and produce, while demand continues to grow. Meanwhile, paper silver markets have been stagnant, and economic laws cannot be bypassed permanently. Industry average production costs are high, and silver mining stocks have fallen sharply, reflecting the industry's struggles. The total deficit over the past three years is significant, and the deficit is expected to continue this year. Concerns have also been raised about the reporting of silver holdings by custodians. This video explores the impact of the silver deficit, potential measures to address it, and the factors influencing the supply and demand dynamics in the silver market.

Original Article: https://www.moneymetals.com/news/2024/02/26/the-curious-case-of-languishing-silver-prices-003007

#SilverPrice #SilverMarket #SilverSupplyDemand #silver

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Sound Money Defense League News
Stefan Gleason is President of the Sound Money Defense League, a national grassroots lobbying organization working to restore gold & silver to their historical role as America's constitutional money. He also leads Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason has frequently appeared on national television networks such as CNN, FoxNews, & CNBC, & his writings have appeared in hundreds of publications such as the Wall Street Journal, TheStreet.com, Seeking Alpha, Detroit News, Washington Times, & National Review.
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