If the silver inventories in question are being double-counted, as now appears obvious as a result of this response, that amounts to the sending of false price signals.
Silvercorp announced its off-market takeover bid for all of the ordinary shares in OreCorp that it does not already own will close on March 22, 2024...
The accuracy of publicly available silver inventory statistics is questionable. Should the deficit between output and consumption persist, it is hard to see how the silver price won’t climb.
Morgan says, "It's inevitable at some point, and I don't know if it's this year, where the availability of silver becomes harder to get and the industry starts to worry."
AB 29 would exempt “precious metals bullion,” defined as coins, bars, rounds, and sheets that contain at least 35% gold, silver, copper, platinum, or palladium.
The company sold approximately 1,342 ounces of gold, 1.7 million ounces of silver, 16.2 million pounds of lead, and 7.3 million pounds of zinc, for revenue of $58.5 million.
The interview, conducted by Coreena Robertson on The Watchlist, featured Lon Shaver, President of Silvercorp Metals, discussing the differences between Silvercorp's offer for OreCorp and Perseus's hostile bid.
