Silver #s and moar hit jobs
Hitting Ag again-going below $20 as predicted several times-this is just noise now as it got a bounce at just under $21 but it's low was $20.72 earlier in the London session-so they are trying to hide the NYMEX smackage and it even rose on that open-but we see you still.
Cap#1 current price as of post
2,835,405,000/ozs of Ag traded on the COMEX since May 2nd-see cap #2
https://www.cmegroup.com/markets/metals/precious/silver.volume.options.html#optionProductId=458
35,273.96/ozs in a metric ton and at 24,000 metric tons 2021 that gives you 846,575,040''' of Ag 'mined' -see cap #3 for 2005-2021
Some Perspective on the Ag 'trading' since May started and keep in mind that the annual production of mined Ag is represented below-and this is 'official' numbers so tread lightly with it.
Global silver mine production 2005-2021'
The estimated global production of silver in 2021 amounted to 24,000 metric tons. Production of this precious metal has remained relatively stable in the period of consideration. Humans have been mining and processing silver since antiquity. The three leading silver producing countries worldwide in 2020 were Mexico, Peru, and China. In that year Mexico produced 178.1 million ounces, Peru produced 109.7 million ounces, and China produced 108.6 million ounces. Fresnillo plc was the leading global silver mining company in 2020. The Mexico-based company produced 53.1 million ounces of silver that year. Their operational headquarters are in Mexico City, while their corporate headquarters are situated in London. 2020 marked a peak in the revenue generated by Fresnillo, amounting to more than 2.6 billion U.S. dollars. The second-largest silver mining company in the world in 2020 was KGHM Polska Miedz S.A.; a Polish based mining company.
https://www.statista.com/statistics/253293/silver-production-volume-worldwide/
it's dropped from the active catalog but you can find it via post # and in bread #20164
>>15945262 pb O.C.C Quarterly Derivatives Report Q4 2021-March25th, 2022 (Silver derivatives increase)