The gold crash might have a silver lining, literally
Published: Aug 1, 2015 8:28 a.m. ET
70% of silver production in 2014 came as a byproduct of other mining
It has been an unhappy July for gold bugs, but the yellow metal’s rout—and declines in industrial metals prices as well—could be setting the stage for a significant silver rally, argues one analyst.
That’s because silver is often mined as a byproduct of copper gold, zinc and lead, wrote Simona Gambarini, a London-based commodities economist at Capital Economics, in a note. In fact, around 70% of silver production in 2014 came as a byproduct of other mining activities (see chart below).
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