According to the London Bullion Market Association, China is home to 27 accredited silver refineries. The second largest number of refineries is in Japan, with only 13.
There’s a lot of talk about how the gold and silver prices could be affected by the rebalancing of the Bloomberg Commodity Index and the S&P Goldman Sachs Commodity Index.
Gold and silver were among last year’s strongest performers. Silver in particular had risen enough to push its index weighting well above the allowed range.
VP Brittliffe: "The high-grade veins enveloped by the wide zones of low grade underscore the huge amount of silver in the Columba vein system and bodies well for further expansion..."
CEO Iwanaka: "We are encouraged by early indications from the drill program, including numerous manganese assay values that exceeded the limits of the initial analytical methods..."
Silver broke out of the cup, which started forming in 2011 at around the same time when the gold/silver ratio broke down. If it continues, then silver will reach a minimum of $215...
There were plenty of other momentous events this year, including the U.S. adding silver to its list of critical minerals, the national debt eclipsing $38 trillion...
