Silver market faces supply crunch as Mexico curtails production

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Silver market faces supply crunch as Mexico curtails production

This article originally appeared on Kitco.com

Expected mine shutdowns of at least a month in Mexico will reduce the global silver supply since the country is the world’s largest silver producer.

Nevertheless, analysts are not rushing to say this will automatically mean higher silver prices, as normally occurs when there are reduced supplies in any commodity. That’s because in this instance, industrial demand is also suffering as the COVID-19 pandemic impacts the global economy.

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By | 2020-05-08T19:40:47-06:00 May 8th, 2020|Buy Silver, JDC, Silver|Comments Off on Silver market faces supply crunch as Mexico curtails production

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