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Effect of current/future silver market tightness on various World Mint production.

badhop55badhop55 Posts: 177 ✭✭✭
in Precious Metals

The world is getting squeezed when it comes to silver.

Mexico (World #1 Producer) is changing the rules for mining of domestic silver:
https://www.silverwars.com/why-mexicos-export-controls-could-shatter-the-silver-market-in-2025/

China ( World #2 Producer ) is hoovering up silver wherever they can find it around the world. China is also applying restrictions on exporting silver:
https://www.scottsdalemint.com/articles/2025/metal-wars-china-tightens-its-grip-on-silver/

I did a rough tally (in millions of ounces) of various world mints and their respective annual production of 1 oz bullion silver coins:

2024 world annual silver production: about 820M oz

ASE : 22.8M
Libertad : .718M
Panda: 10M
Kooks: .5M
Philharmonics: .266M
Maple Leafs: 29M

Total: 63 M oz

That amounts to roughly 7.5% of yearly production. Seems like a big number to me. Especially for "unnecessary" products. And add to that all of the other "unnecessary/non-critical" precious metal products produced and I think that number is around 10%.

Adding to the uncertainty is 2025's fustercluck with Libertads and it makes me wonder.

When do we start seeing reduction/termination of various Mint silver products around the world?

Comments

  • derrybderryb Posts: 38,528 ✭✭✭✭✭

    US mint is not complaining. yet.

    When gold and silver move together, it signals the coming end of fiat money.

  • blitzdudeblitzdude Posts: 7,565 ✭✭✭✭✭
    edited December 20, 2025 3:46PM

    Production is already down, not much physical gutter purchased this year. This rally was and still is 100% paper fueled. Take ASE's for example, you have to go back 18 years. to find a year with lower mintages. The gutter is not rare, there are billions and billions of above ground ounces, and the earth's crust is full of it. So much so that most miners don't even waste their time going after it. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • softparadesoftparade Posts: 9,919 ✭✭✭✭✭
    edited December 20, 2025 4:16PM

    @blitzdude said:
    Production is already down, not much physical gutter purchased this year. This rally was and still is 100% paper fueled. Take ASE's for example, you have to go back 18 years. to find a year with lower mintages. The gutter is not rare, there are billions and billions of above ground ounces, and the earth's crust is full of it. So much so that most miners don't even waste their time going after it. RGDS!

    I don't think there has been any discussion about rarity of silver here. But thanks for pulling that out of your caboose. LOL
    Yet you continue to invest in PAPER. haha. Rare?

    COPPER is gutter !

  • GoldFinger1969GoldFinger1969 Posts: 3,380 ✭✭✭✭✭

    The CEO for Pan-American silver was on CNBC last week and didn't say ANYTHING about tight supplies, paper vs. physical, short squeezes, etc.

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