Silver’s Price Slump Unlikely to Trip Up Miners

Reuters reported that silver producers should continue to enjoy higher profits despite a recent slide in silver prices.

The market news is quoted as saying:

Silver producers can still make a king’s ransom, analysts say, even if prices languish or fall further. Major silver companies report production costs ranging from $4 to $8 an ounce, a mere fraction of the current spot price of around $35.

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