The majority of silver production is also the byproduct of other metal mining like copper, tin, etc.
Of my precious metals holds I'm probably 75% silver by value, shit knows what percent by weight. Probably 99% lol
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LOL that's quite a lot I try to stay diversified but its hard I love staring at my silver coins and I've always preferred silver over gold tbh. I didn't consider the byproduct factor either thats a very valid point!
Yeah when the copper/tin/etc prices collapses and those mines shut down (till there is demand again anyway) about 55% of the silver production goes with it.
That and the gold/silver ratio is already way way out of historical norm.
Well that will definitely be an exciting time! IKR its crazy how much the price has been suppressed but it can't last forever eventually supply and demand will take control of the market!