Seeking Alpha

Mining silver still highly profitable

  • "Silver has the worst story of all the metals," says Archer Financial's Adam Klopfenstein, noting plentiful supplies and its tendency to move alongside gold.
  • HSBC expects a 3.4% increase in supply to 1.09B ounces this year alongside flat demand at 938M ounces. Partly fueling the supply growth are prices remaining above the all-in cost of production of $15-$17 per ounce, says the bank's Howard Wn.
  • TD's Mike Dragosits, says silver ends its six-year slump in 2014, thanks to a recovering U.S. economy boosting industrial demand for the metal. A Fed being slower than expected on tightening monetary policy should also provide a boost. he says.
Comments (6)
  • Tas 2010
    , contributor
    Comments (255) | Send Message
    Anyone have an idea of which silver mining company is showing the best profits YTD?
    28 Apr, 09:34 PM Reply Like
  • jamerson
    , contributor
    Comments (25) | Send Message
    it's not done yet. I would like to see some bottom /confirmation. no more games.
    28 Apr, 09:39 PM Reply Like
  • Gomuge
    , contributor
    Comment (1) | Send Message
    I am wondering how, if cost of production is $15-$17 per ounce, mining companies could be profitable prior to 2008 when silver has always been under $15. Did the cost production dramatically increase in the last few years ?
    29 Apr, 11:31 AM Reply Like
  • Tas 2010
    , contributor
    Comments (255) | Send Message


    I am certainly no expert, however looking just at oil prices they have risen significantly over the last decade. Granted, for a time oil prices were higher in the summer of 2008 but they quickly crashed after setting a new all time high. So yes, energy cost has risen significantly.
    29 Apr, 12:32 PM Reply Like
  • gopa
    , contributor
    Comment (1) | Send Message

    29 Apr, 09:21 PM Reply Like
  • user 101
    , contributor
    Comments (182) | Send Message
    Eveythng has gone up dramatically the last ten years or so. Why should silver be any different.
    30 Apr, 12:04 AM Reply Like
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