/biz/ - Business & Finance

>>55283351
Maybe producers simply had enough of being in the red constantly due to the comex's shenanigans and plan to leave it to byproduct miners?
Protip : this wont suffice. We were already 240Moz in the hole in term of silver deficit last year, if primary miners start to throw the towel, it's 25-30% of silver less. Not sure JPM can cover like a 500Moz yearly deficit with their dragon stack kek.

Here's how looks the silver mining industry's biggest players when you starve them to death for months.

The average All-In Sustaining Cost (AISC) of the producers is currently $19.33 per silver ounce. Was close to $20 back few months earlier, when the spot dived in the $17-18 range.
I'll keep repeating it : ONLY commodity in the world where you produce at a loss when the demand is at it's highest point EVER.

To all NYC and London's PMs trading desks, from /pmg/ :
THANK YOU RABBIS FOR THE CHEAPIES! :)