Really sharp breakdown of the silver supply dynamics. The byproduct angle gets overlooked way too often when people talk about commodities. I rememebr watching copper miners in Chile a few years back and realized how much of their economics depended on silver credits they barely thought about. The China export licensing move is kinda brilliant from a strategic standpoint, basically locking in domestic supply before global markets could adjust.
Really sharp breakdown of the silver supply dynamics. The byproduct angle gets overlooked way too often when people talk about commodities. I rememebr watching copper miners in Chile a few years back and realized how much of their economics depended on silver credits they barely thought about. The China export licensing move is kinda brilliant from a strategic standpoint, basically locking in domestic supply before global markets could adjust.
Glad you found it insightful!