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overtheedge
Member since May 2012
680 commentaries - 6 followers

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has posted a comment on the article :

Well written. Hope folks really grasp that the lion's share of silver comes from poly-metallic sulphides (major source of lead, copper and zinc).

Now that a new year is upon us, consider this. Economic minerals containing lead, copper and zinc, which are industrial metals, are the major sources for silver which is recovered by smelting and/or electrolytic cells. In a declining economy, demand for these base industrial metals will go in the dumpster. Recall that electrolytic refining of copper is just like aluminum; very high electric consumption. Takes a lot of fuel to generate that level of electricity. Everything is connected to everything.

So where does the silver come from to meet PM demand when the base metal demand faucet gets turned off? If history can be trusted, PM demand rises as trust in the economy declines. This really bears watching from the medical viewpoint. Even now, people spend the last of their accumulated wealth for another few months of life. That "born with a silver spoon in his/her mouth" was just a hint about silver's antibiotic possibilities. Demand will remain, cheap sources won't.

But most silver juniors fail. Due diligence anyone?

Commented 4337 days ago

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Beginning of the headline : Silver mine production is expected to come in at nearly 800m ounces in 2012, an all-time record and the seventh consecutive year of growth (per the U.S.Geological Survey).At 2012’s average silver price, this total represents a value of nearly $25b.There’s a lot of money to be made mining this shiny-white metal! With a massive capital carrot supported by structural fundamentals that are still great, there ought to be a ton of mining companies targeting silver in their exploration endeavors... Read More

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