Has Peak Silver Arrived In The United States?
2015 Silving Mining Production in the U.S. during August – October was down 15% from comparable months in 2014.
Yearly comparisons of U.S. silver mining production from 2012 and 2013, however, show 2015 mining production will be roughly in line with those years.
Update: U.S. Silver Mining Company increases silver production 4.5% in 2015
Silver Standard Resources reports record silver production in 2015
Silver analyst Steve St. Angelo recently asked a worthy question – Has peak silver has arrived? Mr. St. Angelo noted that United States domestic silver production in the U.S. was down 19% in September and 18% in October verses the same months last year and characterized this drop as “a significant trend change“.
While the month to month changes in U.S. silver mining production in September and October of 2015 from 2014 appear to represent a staggering drop in production, they do not reflect any significant trend change.
2015 U.S. Silver Mining Production Projected to be Higher than Mining Production of 2012 and 2013
2014 was a strong year for U.S silver mining production- the highest since 2010. U.S. silver mining production in 2012 and 2013 resembles more closely the production of 2015 than that of 2014 as the chart below indicates.
In order to estimate final 2015 U.S. silver mining production, we assumed a continued stunning 18% drop in November and December mining output from the comparable months in 2014.
U.S. silver mining production in 2015 is on pace to exceed U.S. silver mining production of 2012 and 2013.
The chart below indicates that even with assumed decreases in U.S. silver mining production of 18% in November and December 2015 from 2014 levels, production in those months will still be higher than the same months in 2013.
Indeed, if 2015 U.S. silver mining production in November were to fall 24% from 2014 levels (105 tonnes) it would still be higher (79.8 tonnes) than November 2013’s production (79 tonnes).
U.S. silver mining production in 2014 was the highest since 2010.
Peak silver in the U.S. and around the world may be around the corner as Mr. St. Angelo suggests based on a potential collapse of global GDP. The U.S. silver mining production numbers to date do not however, suggest anything resembling peak silver* in the U.S. is approaching.
*silver mining production in the United States has consistently ranged between 1130 tonnes and 1280 tonnes annually since 2003. The peak in silver mining production since 1991 was in 1997 when 2,180 tonnes were produced.
Silver mining over the last thirty -five years in the U.S. peaked in the late 1990’s.
See also – U.S. Silver Mining Production Does Not Cover the Amount of Silver Needed to Mint American Silver Eagles.
If you have enjoyed this report, please consider buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.
Get Free Updates From Smaulgld.com
Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.
In Case You Missed it… Archives
Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.
You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM Bullion, BGASC, Bullion Vault, Gold Broker, Golden Eagle Coin, GoldMoney, SD Bullion, Perth and Royal Canadian Mint ads on the site.
Browse Collectible Coins on Amazon
DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.
Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.
The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.
The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.
Send Litecoin to this address:
