Russia's recent move to temporarily ban the export of precious metals waste and scrap is a significant development in the ongoing economic war between East and West.
This aggressive acquisition strategy aims to secure silver for China's growing industrial needs, including solar panels, silver-zinc batteries, silver-plating, and electric vehicles.
Industrial demand for silver is on track for a new record high in 2024, and the silver market is on pace for its fourth consecutive annual supply deficit.
CEO McDonald: "These fat zones of moderate grade like 27 meters of 233 gpt silver cored by very high grades of 1100 gpt silver bodes well for building high quality ounces."
VP Hernandez: "La Ye is rapidly emerging as a cornerstone of the Santa Ana project, reinforcing our confidence in the district's capacity for substantial resource expansion."
Anyone with wisdom and foresight should safeguard their hard-earned wealth with gold and silver—timeless forms of money that have reliably served humanity for thousands of years.
Silver followed gold lower this past week losing 3.2%. While silver lost it was encouraging as silver lost less than gold. Could it be signaling a turnaround?
