/biz/ - Business & Finance

>>19782885
Ok, what about THIS then
>top 7 silver miners
>2005 : 9.4M tons of ore to extract 120M oz
>2019 : 23.2M tons of ore to extract 140M oz

Silver is getting so scarce worldwide that in only 14 years, the quantity of silver in the ore extracted got slashed so hard the miners had to more than double the quantity of ore extracted just to keep the same production levels.

>>19670343
Fantastic argument full of facts and logic. We have already hit peak silver and monetary and industrial demand will only increase.

Srsrocco is so fuckin based. Here's a chart showing pretty definitively that we are in peak silver. Yields per ton are just going to keep going down from here, every year it will take more energy and labour to get an ounce. This is what makes physical silver a risk free investment at these prices, the cost to mine creates a floor in the price.