The Conversation (0)
Kitco reports the silver market this year will remain in “substantial surplus”.
Kitco reports the silver market this year will remain in “substantial surplus”.
The editorial is quoted as saying:
Total silver supply reached 26,700 tonnes (858.0 million ounces) last year. This tonnage was up 2.4% from 2008 levels and it also constituted a record volume of silver supply. A further 2.5%-5% increase in total silver supplies is projected for 2010. The largest increase in total supply last year was from a 4% bump recorded by global silver mine production. Around 22,100 tonnes or 709.6 million ounces of silver were estimated to have been mined in the world in 2009.
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