Why Are Silver Prices So Low?

interesting thread, I have just become
interested in silver prices after discovering
i have 4 silver coins in my collection for over
30 years and didnt know they were silver

I still have my roll of 2003 Eagles I paid $5 apiece for. I was a poor student at the time but I knew the price of silver was ridiculously low.

According to the Silver Institute 1007 million ounces of silver was produced in 2016. 1027 million ounces were consumed in that same year. of course some of the "consumption" was to produce jewelry, coins and silver bullion. This silver that can be redeemed from jewelry, coins and bullion is weird in that when silver is consumed to produce these items, the items themselves can also be used to "produce" more silver. Changes in the value of silver also influence how likely this secondary supply of silver enters the market as a sort of silver production.



http://www.silverinstitute.org/site/supply-demand/