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Monday, April 14, 2014

Top Silver Supply Figures & Forecasts Are Incorrect

http://srsroccoreport.com/top-silver-supply-figures-forecasts-are-incorrect/top-silver-supply-figures-forecasts-are-incorrect/

I am a bit surprised at the forecasts and data coming out by the leading agencies and institutions on silver mine supply.  According to my research, the USGS understated U.S. silver mine supply while Thomson Reuters GFMS over-estimated global silver production for 2013.
Let’s take a look at U.S. silver production first.  If we look at the table below recently released by the USGS, domestic mine supply fell compared to the same period last year.

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