Silver Institute's Silver News

• Silver Price Posts All-Time High
• Physical Silver’s Growing Importance to Global Silver Demand: In-Depth Report
• US Mint Aims to Stop Counterfeiters with Laser Engraved ‘Privy’ Marks
• Nanosilver Particles Help Produce ‘Super Capacitor’
• Building Electronic Components in Space
• Silver Nanofilms Can Reduce Food Dyes in Soft Drinks
• Seeing in the Dark with Silver Nanowires

Click to expand...

...
On April 15 they published their annual report and, as in past, there is no shortage of glaring inconsistencies. To begin with, alongside physical mine production and recycling, they added 45 million ounces to last year's physical supply, and 10 million ounces to this year's supply through a category called hedging. Hedging is a financial construct, it is not part of the physical supply of a commodity. You cannot make a solar panel produce energy from hedged silver any more than you can grow a corn crop by buying corn futures. To quote the Silver Institute "options remain the preferred method of hedging." I am aware how an out of the money put or call can become valuable, but I didn't know that options could literally transform themselves into silver mines.

In their latest report they also retroactively increased mine and recycling supply for 2025 by a total of 29 million ounces. In other words, their magic wand conjured up a total of 84 million ounces of silver out of thin air from one year to the next.

However, these increases in supply pale in comparison with the decreases on the demand side, where they unleashed several full scale assaults.
...

Click to expand...

pmbug said:

Brutal:

More:

The Silver Institute Strikes Again -- John Macintosh

Ironically, silver's dirty little secret may well be this; the grimy industrial side of this unappreciated and, for many decades, unloved metal, may end up proving how uniquely precious it is.

silverseek.com

Click to expand...

​