1/2 Twelve years ago #UgoBardi invited me to contribute a chapter on #PreciousMetals to his book on resource extraction. It remains a relevant resource, if you wish to understand the turmoil sweeping the #Silver market.
For decades the amount of silver consumed in industry and hoarded by investment funds has outstripped mining. Novel import duties in the US prompted exceptional flows, eventually uncovering the reality of a market where industrial stocks cannot plug the mining gap forever.

