According to the World Silver Survey and Bloomberg Silver is running its 4th consecutive year of supply deficits. Silver mine supply is only 800 mil ounces per year. Demand has been outpacing supply by about 200 million ounces for three years.
The silver price is been responding. The shift to green energy needs a great deal of silver. 1/3 of an ounce of silver is used to make a standard solar panel. Silver is used in batteries and electric vehicles.
Everyone loves their electronic products, but hates mining. Without mining we have no electronics. Governments have been quick to approve every green energy pipe dream, and slow to approve any new mines. This gap between supply and demand is likely to continue for a long time.
There are many low-grade barely profitable silver miners out there. They aren’t able to make enough revenue from low-grade ore to cover their relatively fixed costs. These are lifestyle companies who only exist for the benefit of management who extort large compensation packages. Do yourself a favor and avoid them!
These miners need to constantly sell shares to pay management because they have no profits. When the silver price runs higher, you know what they do? They dump more shares on the public, capping the rally and further diluting your interest.
The only way shareholder value is generated is by profits. And the only way to profitably mine is with high grade assets. Stick to the Silver companies that have quality high grade assets.
The GP10X portfolio contains the highest grade silver miner in the world.
A miner with over over 1 billion silver ounce reserve at very high 650 g/t average grade
A pure silver producer in Morocco that is expanding production nearly 4X in 2024.
Another pure silver developer with a 200 million ounce silver resource in low-cost Bolivia.
A new explorer in Peru with starting a resource grading over 2,000 g/t.
GP10X is the best way to play silver!
