Production Down Significantly: Massive Silver Shortage Coming in the Near Future?

by Nathan McDonald
Sprott Money

The overall market cap of the silver sector is incredibly small when compared to other segments of the economy, and is thus susceptible to wild swings, manipulation and disruptions. This has always been the case; however, the remainder of 2020 may starkly highlight these problems.

Disruptions in silver supply have been severe over the last few months as the COVID-19 pandemic raged across the world, with some of the largest producers of silver suffering huge setbacks in production.

[…] Mexico, the largest silver producer in the world observed silver mine production decline by a staggering 40% in April vs the previous year’s production, resulting in a decline of 199 metric tons over the previous month. This is a significant loss in its own right, but even worse when you consider that this problem occurred all over the globe.

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