Bob Quartermain: The Constraints on Silver Supply

Robert Quartermain

At the Casey Research Gold and Resource Summit, Bob Quartermain spoke about the constraints facing silver supply today, “Mine supply doesn’t meet demand and in many of the new applications silver isn’t being recycled, so it’s not going to come back into the scrap supply chain... We’ll have to go out and find new mines or new sources for silver; and that can only speak to higher prices.” 

We’ve got the highlights of his speech in the video below.

Please click here.

Ed Steer, editor of the free Gold & Silver Daily newsletter and longtime GATA member, believes that silver will go to the moon, and soon. Read his explanation why that's the case and how you can profit from this enourmous upswing by reading his report, The Case for $60 Silver.

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Comments

[Di]

I am adding to my shorts next week as planned. I have been looking at the charts today and my new low for this year is at 16.50 +/- 50 cents. The precious metals 11 year bull trend is over.

[snakeman]

Di, LMFAO...truely...thanks for the laugh Sherlock...Snakeman

[RogerP]

Has anyone factored into their analysis silver becoming too expensive for industrial applications? For the field in which I work, US$36/oz has manufacturers abandoning silver-containing alloys and switching to technologies that don't use silver at all.

I would have thought that crowding industrial consumers out of the market is a recipe for a bubble