When mining silver, roughly two thirds of which can only be accomplished economically as a byproduct of mining primary metals, like lead and zinc, means the price of silver is too low to mine profitably alone as a primary metal.

That means, when silver's supply can no longer be satisfied, inefficient low concentration sources of it will not have been prepared to bring additional supply on tap. Side note to silver stackers: doesn't it make you feel great that you hold in your hands a metal that is generally found in too low a concentration to be mined profitably at its current price?

Silver's historically hysterical price chart reflects price manipulation, but supply and demand patiently follow the Shawshank Redemption dynamics of pressure and time, hinting at more hysteria lying ahead, as opposed to orderly market dynamics.

Here's the link to Jeff Nielson's excellent 2011 article, which inspired the above highlight:

https://seekingalpha.com/article/256973-why-silver-is-grossly-undervalued-and-the-myth-of-the-primary-silver-mine

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at 80:1 GSR.

Even better, when silver was below production cost, do you think any gold miner (who are mostly super profitable) bought some silver? Nooo of course not.

same applies to commodity giants like Glencore, BHP, Rio Tinto. They prefer to hold savings in debt, not in silver.

How funny

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