Silver Being Sold For Lower Than The Production Cost

This low level may not last long, and this is especially true when we factor in the…

 by Steve St Angelo of SRSrocco Report

With the silver market price now lower than most primary silver miners’ production costs, this low level may not last long. This is especially true when we factor in the surging silver lease rates, suggesting a real tightness and shortage of metal for traders in the market.

Chris Waltzek of Goldseek Radio reached out to me this weekend to do a quick update on the Silver Market. It seems as if GoldSeek followers found the interview interesting as there are 188 Social Media Shares, much higher than past GoldSeek Radio interviews. This is important because I’d imagine precious metals investors are hungry for REAL DATA, not the hype and high price targets that mostly lead to frustration. Investors need to understand that acquiring precious metals is for the mid to long term to protect wealth as the world heads over the ENERGY CLIFF. I don’t know any other precious metals analysts warning followers based on this important factor.


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