Silver & Zinc
Two Metals Running Into Their Limits
Silver prices vs. global production:
When structural demand collides with stagnant production.
You can’t just flip a switch and grow mine output overnight.
Discoveries are rarer, permitting is harder, grades are falling, and development timelines keep getting longer.
Contrary to what most believe, this is not a speculative bubble.
It is the market adjusting to a new reality of structurally higher resource prices.
Wake me up when production actually starts surging.
This report also highlights zinc, which I believe is emerging as one of the most compelling opportunities across the commodity complex. Let’s dive in.
