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Weekly Precious Metals Update - Mark Yaxley - April 20, 2020

Weekly Precious Metals Update – April 20th

Last week saw the market lose yet another major producer to the COVID virus. The United States Mint, North America’s largest producer of gold and silver bullion products, announced the closure of its West Point, New York facility on Wednesday, due to concerns for their workers’ safety.

Silver Supply/Demand Crunch Part II: Primary Silver Producers Stuck in Quicksand and Still Sinking

Silver Supply/Demand Crunch Part II: Primary Silver Producers Stuck in Quicksand and Still Sinking

As we outlined in our silver supply/demand crunch article, the silver market has entered a structural imbalance. It is not temporary. Global supply is locked into a decline, leaving the industry ill-equipped to respond meaningfully to any spike in demand of physical metal for the foreseeable future.