US Silver Output Down in January

Mining Weekly reported that according to the US Geological Survey, the US produced 89,100 kilograms of silver in January. That’s an 11-percent fall from December’s silver production of 99,900 kilograms, and a 7-percent decline from January 2014 output.

As quoted in the market news:

Based on unrounded data, the average daily silver output in January was 2 870 kg, down from the 3 220 kg in December and 3 190 kg for full-year 2014.

The average daily silver price for January was $17.24/oz – 6% more than that of December 2014 and 13% less than that of January 2014.

Click here to read the full Mining Weekly report.