Profit From Silver's Rise!

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Posted on: 21st Jun 2014

With the severe bear market in the resource sector taking silver below $19

per ounce last week and this silver bear market getting very old in age, I think

this summer is a great opportunity to start taking some large positions in the

silver market.

The Silver Supply and Demand Deficit

For decades, the world has produced less silver than it has consumed. This

supply deficit has always been met with scrap silver and government stock

piles. However, both these two resources for supply have been shrinking.

Government stock piles accounted for about 10% of the supply a decade ago;

in 2012, it dwindled down to 3%, and last year it had fallen all the way down

to just 1%. According to the USGS, U.S. government silver inventory is ZERO!

Silver scrap last year fell by 24%, this was the largest drop on record.

Here are the raw numbers for total demand vs. new mine supply for 2013.

Total mine production (supply) was 819 million ounces, total demand was 1.1

billion ounces.

Now supply actually did go up from silver mines, however, like all mines, ore

grades are falling, making the metal itself more costly to produce.

All Mines Peak

For silver, if you look at the 15 leading silver mines, 7 of them produced less

silver in 2013 than they did in 2012.

The #1 producing silver mine in the world, owned by BHP Billiton, produced

32.23 million ounces in 2012 and 29.09 million ounces in 2013.

Same thing for the #2 mine owned by Fresnillo, 26.38 million ounces in 2012

and 22.76 million ounces in 2013.

Looking at Nevada, which is literally called the "Silver State," produced 25

million ounces in 1997, and last year only produced 7.4 million ounces!

Demand

Demand as a whole grew 13% last year, mostly from investment silver. Silver

uses though are rising dramatically, one area we have covered in the past is

solar energy and its use of silver.

In 1999, silver's use in solar panels wasn't even reportable, by 2015, we are

looking at a solid 100 million ounces going to just this industry.

China alone consumed 35 million ounces of silver for solar demand, compare

that to 2005 when China used less than a million ounces.

How to Profit

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