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    We’re Losing The Primary Silver Miners



    We’re Losing The Primary #Silver Miners

    One of the lesser known dynamics in the silver industry is that the majority of the silver supply doesn’t come from companies that are focused on mining silver.

    Most of the silver supply comes as a bi-product of copper, lead, zinc, and #gold miners. And with the #silverprice still not that far above the cost of production for a primary silver miner, we’re seeing less and less companies launching silver projects.

    Which means that even as the Silver Institute reports a 253 million ounce deficit for 2022, and projects another deficit in 2023, there’s still not a new chunk of supply coming in the pipeline. And especially at a time where the green movement will be requiring large amounts of silver, while at the same time the concerns in the banking system are triggering a new wave of investment silver demand, the conditions are in place to see the supply demand gap continue to grow.

    So in today’s call Steve Cope of Silver Viper Minerals joins me on the show to discuss the imbalance, and how he sees it ultimately playing out.

    To find out more, click to watch the video now!

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    CFTC Whistleblower Complaint


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    #silver
    #silverprice
    And remember to get outside and have some fun every once in a while!:)
    (URL0VD)

    This video was sponsored by Silver Viper Minerals, and Arcadia Economics does receive compensation. For our full disclaimer go to:

    Disclaimer – Silver Viper Minerals

    View 23 Comments

    23 Comments

    1. Celty on

      Good luck to all. Hopefully this turmoil lasts the usual 18 to 24 months. Keep you powder dry and your stick on the ice.

    4. mxdmta4 on

      This stinks. I've been listening to silver people saying, for decades, that silver is going to go up. Well, I'm in a loss situation for the last 3 years and I am still hearing the exact same thing: "It's going to go up, it's going to happen I just can't say when."
      This has been for 3 years on several channels on a daily basis.
      Sadly, I'm poor and am stuck with silver that I paid more for than it's selling at today. But I was foolish enough to listen to this stuff. I guess if you're rich this holding pattern, for decades, is no big deal. For many of us, we listened for years to metals people saying this and now you're still saying it.
      Maybe you should admit that maybe silver will be worthless soon because of our tyrannical government. Just mho. Frustrated to the max and can't make my rent because 'we're on the verge of a breakout'.
      I could have made craploads of money day trading but instead I have nigh worthless silver.
      I guess that's what I get for being stupid. I thought silver would be safe. Yeah, safe if you're rich. Nothing new here.

    5. William Davis on

      I keep thinking silver production is the same as it has been …. I think mines are producing just keeping it vaulted not selling it … waiting for prices to come up

    8. Logic Man on

      The silver to paper ratio is 363 to 1 according to the US Debt Clock. 3663 x $21.80 = $7913 an oz. What would happen if the Silver Export Countries said NO MORE silver would be exported an anything less than $7913 an oz. and they would split that with the mining compagnes. Just like OPEC. Think about it, WHAT would happen?

    9. Silverback on

      Music to my ears I wish there were zero primary miner silver production in the world… 🦍🦍🦍🚀 unless they keep all the silver and sell everything else otherwise they are just part of the rigged system. The big guys are all 💯 part of the rig job BHP, RIO, Glencore, etc.

    11. Black Swans9999Fine on

      The primary silver miners are garbage businesses! They are serial stock diluters, liars, heavily indebted, and will never provide reliable long term dividends. Why pump stocks like First Majestic Silver….? Terrible company to invest in that is guilty of said above. Physical silver is tax exempt in some states! Far better than owning a miner. Mining royalties are also loaded with more cash than some silver miners will ever make or save, and they pay dividends too good grief guys. Silver miners are pump and dump trades only for good reason.

    15. Nick Collishaw on

      I feel for Steve. I believe the big banks and their proxies are suppressing PM’s not only to profit from manipulations on swing trades, but to be able to buy up the miners at the appropriate time whilst they’ve convinced many to sell out of their positions (not me and my friends I might add – holding firm on my VIPR)

    19. Martin McDade on

      Pierre Lasonde is somewhat responsible for his unthinking pronouncements that the majors are raking it in. That’s an abominable statement. 8-25 years to bring a mine to fruition and he thinks making a 15-40% ROI IS JUST WONDERFUL. HE’s a fool that got lucky, period.

    22. Truthscaler Rodonovich on

      I know a mine in Idaho which has an estimated 4 million ounces of Native silver in 3 structures. This is verified by the Manager of the staff that closed the mine down. When silver hits 500 dollars per ounce they will consider reopening.

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