Silver Surplus and Supply Forecast

Jrandom

Jrandom

New Member
I keep hearing stories about shortages, then reading stories about surpluses. So which one is it?

http://tinyurl.com/b754vuf

"Silver investors may want to prepare for a feast: the silver market is reportedly already in surplus and an array of miners have forecast production increases for this year.

The silver market has been in surplus for the past several years and is expected to remain so in 2013, Anne-Laure Tremblay, precious metals analyst at BNP Paribas, said in the London Bullion Market Association's (LBMA) 2013 silver forecast.

In a recent interview with Mu Li, a CPM Group analyst, Kitco's Daniela Cambone asked for confirmation on reports indicating that there is currently a 207-million-ounce silver surplus."
 
Li confirmed that the silver market is still in surplus. Investors have been absorbing the surplus metal, but, she added, there is no real shortage of metal in this market.
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investors have been absorbing said surplus hence no surplus. this surplus has been in existence ever since I've been stacking and investors are doing a lot of absorbing this year. march is off do a good start as well.

http://www.usmint.gov/mint_programs/american_eagles/?action=sales&year=2013#SilverTotals
 
Get yer pitchforks and flame torches ready. We may need to do a silver guru witch hunt.
 
These surpluses (Surplusi?) won't last long. Over the past 40 years the USA alone pumped 4,000 million ounces into the marketplace when they forwent there silver/dollar guarantee. This silver has been absorbed by the market, both manufacturing and investment. I believe the next upturn in manufacturing will suck all surplusi resulting in a market based silver price with silver no longer linked to SHTF futures. Silver Stackers will then hold money and a commodity.
 
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