Friday, May 26, 2017

Top Silver Producers

Silver futures prices moved to $17.38 an ounce as the metal continues to claw back territory lost earlier this month.

Silver is now up 8% since hitting its 2017 low on May 9th. Only around 30% of annual supply comes from primary silver mines while more than 30% is produced at lead/zinc mines operations and a further 20% from copper mines. Only 6 of the top 20 producers are primary silver miners.

Last year 885.8 million ounces were mined.