Peter101

Silver: Is there a game being played?

FX_IDC:XAGUSD   Silver / U.S. Dollar
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Tahoe Resources has lost it's license to mine the Escobal(for now) in Guatemala.
Bad news for Tahoe but should be good news for silver .
The court has suspended the license. The price of Tahoe went down 1/3.

Escobalmine is de second largest zilvermine in the world. Last Yr's production was 21 m/ounces.

If one of the biggest mines in the world had to stop silver mining this should be having some influence in the availability of silver and the price should go much higher in stead of a lower silverprice which we got now.

Hm....A lower silver price is what we got...

There's something fishy here and it is starting to stink...

What kind of a game is being played here???

Fundamentals say: The price of silver MUST go UP.

Beware of the BEARtrap!!!




Comment: More good fundamental news:
Indian silver imports rose a staggering 1,917% in May.
May 2017 Indian silver imports of 1,473 tons were up from 73 tons in May 2016.

May silver imports were up 143% from 606 tons imported in April.

Indian Imports of 47,358,050 ounces of silver in May were higher than the record 47 million American Silver Eagles sold in 2015.
thx for the valuable info.
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