Silver sales hit a record 860,850 ounces in one quarter, outpacing production. - Stock Titan
Silver sales hit a record 860,850 ounces in one quarter, outpacing production. - Stock Titan
Source: Stock Titan
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DW NOTE
The headline cites 860,850 ounces sold in a quarter — if accurate, that's 26.7 tonnes. Global silver production runs roughly 26,000 tonnes annually, or 6,500 tonnes per quarter. One dealer moving 27 tonnes does not outpace production; it outpaces that dealer's usual volume. Silver is down 50% from its one-year high while gold holds twice as well — the usual crisis-metal hierarchy is inverted.