The U.S. Silver Market Experienced Two Significant Developments In August

Jon Market Commentary, Precious Metals, Silver

According to the USGS most recent report, the U. S. silver market experienced two significant developments in August. From the data published in the USGS August Silver Mineral Industry Survey, U. S. silver production declined significantly while silver imports surged to near record highs.
First, U. S. silver production in August is down a stunning 14% compared to the same month last year and down 10% versus the previous month:

This post was published at SRSrocco Report on November 18, 2016.