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never seen silver drop so fast $25.85
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<p>[QUOTE="Collector1966, post: 1689914, member: 17919"]I think one of the "problems" with silver is that it is held in reserve by many mines around the world as a by-product of base metal mining. In many countries, the objective of mining is not merely to earn money, but also to provide long-term employment. Base metals have also recently taken a hit, so base metal mines that were sitting on a silver stockpile may have decided to liquidate some or most of their silver holdings to make up for the shortfall caused by falling base metals prices to ensure continuous cash flow and employment.</p><p><br /></p><p>I doubt that there are official data that can confirm that, but as someone with ties to the international mining industry, I know this is a very likely scenario. Of course, it cannot explain the entire picture, but it more than likely is a piece of it.[/QUOTE]</p><p><br /></p>
[QUOTE="Collector1966, post: 1689914, member: 17919"]I think one of the "problems" with silver is that it is held in reserve by many mines around the world as a by-product of base metal mining. In many countries, the objective of mining is not merely to earn money, but also to provide long-term employment. Base metals have also recently taken a hit, so base metal mines that were sitting on a silver stockpile may have decided to liquidate some or most of their silver holdings to make up for the shortfall caused by falling base metals prices to ensure continuous cash flow and employment. I doubt that there are official data that can confirm that, but as someone with ties to the international mining industry, I know this is a very likely scenario. Of course, it cannot explain the entire picture, but it more than likely is a piece of it.[/QUOTE]
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never seen silver drop so fast $25.85
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