從SRSRocco報告：隨著全球金融和經濟體系不斷地瓦解，這將使白銀市場上更多的壓力。為什麼呢？由於高架實物白銀投資需求將可能超過可用白銀供應的未來。儘管實物白銀的投資需求，因為巨大漲幅6月開始脫落，市場狀況有負面影響的供應。
據最近公佈的數據，三前五大銀生產國是相比去年同期呈現大幅下降的產量。當我研究礦山供應的數字，我想出了一些相互矛盾的數據。對於一些奇怪的原因，我的數據顯示，墨西哥的白銀產量的下降，而來自其他來源的數字表示增長。
我寫了負責提供白銀生產數字到智利銅委員會的組織工作。你看，智利銅業委員會（Cochilco.cl）提供了許多金屬的全球生產數據。他們使用的數據來自世界金屬統計局。
下面是他們每月的全球白銀產量的更新的快照：
智利銅委員會，世界銀生產請點擊表格看大圖。如果你看一下墨西哥白銀生產，他們表現出增加至3,870.1公噸（MT）JAN-2015年8月從3,767.9公噸在同一時期在2014年從這份報告中，墨西哥的白銀生產JAN-2015年8月增加102萬噸，或3％，比去年同期（同比）。
不過，我跟一個人在礦產資源墨西哥系（INEGI），他們發過來的鏈接，他們每月的白銀產量數字。我下載Excel電子表格，並提出了截圖顯示如下：
墨西哥 - 8-2015-INEGI - 銀 - 圖
因此，而不是墨西哥白銀生產是今年以來上漲了（據世界金屬統計局數據）的3％，它實際上是下降了6％，如果我們去官方墨西哥INEGI數據。
當我接觸世界金屬統計局關於這個矛盾，他們不夠好回答。我問他們為什麼是他們的墨西哥白銀生產出而墨西哥的官方數據報告的下降增加了？他們說，他們確實使用INEGI數據的墨西哥白銀產量數字，但他們使用不同的數據，智利銅委員會。
話雖這麼說，他們很驚訝，墨西哥顯示，白銀產量的下降在2015年我派他們的Excel電子表格從墨西哥INEGI，他們告訴我，他們的數據是不同的。他們回答我，說明他們必須更新其所有的墨西哥白銀生產數據返回到2011 ...我收集他們的數字是基於不正確的數據。如何有趣。
我覺得這很有趣，因為它的成本個人2,240歐元購買來自世界金屬統計局12個月金屬產量報告。在我的網站的讀者去找出這些信息是免費的。
雖然我使用了一些來自銅業委員會表銀生產數據（如下表所示），上面顯示的，我仔細檢查秘魯和澳大利亞的白銀產量從國家官方數字..和他們匹配了。話雖這麼說，我也有世界金屬統計“佔世界白銀生產圖”在17967公噸（MT）JAN-2015年8月相比，在同期18014噸，在2014年，這些數字來自智利銅業委員會表示有問題以上表格。
基本上，世界金屬統計顯示小減少佔全球白銀供應JAN-2015年8月與去年同期相比。即使我們調整向下修正墨西哥銀生產數據，共有全球白銀產量僅下降2.5％......再次，根據他們的數據。
但是，如果我們只是去的前五大生產商（墨西哥，秘魯，中國，澳大利亞和智利），整體銀產量下降了6％。我收集世界金屬統計局跟它的其餘國家都報告增加顯示的3％世界範圍內只是一個普通的損失。不幸的是，其他一些國家，如加拿大都報告了白銀產量的下降。
這裡是最大的白銀供應的輸家2015年：
Biggiest - 銀 - 供應失敗者，對於-2015
我們可以從上面的圖看，澳大利亞的白銀產量1 - 8月2015年下降高達41％，相比去年同期，其次是加拿大下降32％，墨西哥下降了6％和智利下跌了4％。與去年同期相比來自這四個國家的聯合銀產量下降15％。
下面是來自三個國家的額外的白銀產量數據：
俄羅斯的多金屬一月至2015年9月= +53噸
波蘭的KGHM波蘭揚，2015年6月= + 6噸
美國一月至2015年8月= -22噸
如果我們只是添加了這三個生產商，我們發現約37噸的淨增長。當然，這些展現不同的時期，但同比增長甚至40-50噸的這些生產商將不會改變前五名的整體下降下降684噸，1 - 8月2015年
我會想像的低金屬價格展望未來將繼續影響全球白銀產量。智利是世界上最大的銅生產商，正顯示出今年白銀產量下降4％。大部分來自智利白銀生產的是銅礦供應的一個副產品。由於銅的價格繼續下跌，我們將看到更多的企業關閉的銅礦。這將有前進全球銀供應產生不利的影響。
我會寫未來對未來白銀供給，需求和價格將如何影響市場在未來數週或數月的文章。
Biggest Silver Supply Losers For 2015
Biggiest-Silver-Supply-Losers-For-2015A Perfect Storm is brewing in the physical silver market…
From the SRSRocco Report:
As global financial and economic systems continue to disintegrate, this will put more stress on the silver market. Why? Because elevated physical silver investment demand will likely exceed available silver supply in the future. Even though physical silver investment demand has fallen off since the huge spike starting in June, market conditions have impacted supply in a negative way.
According to the most recently released data, three of the top five silver producing countries are showing large declines in production compared to the same period last year. When I researched the mine supply figures, I came up with some conflicting data. For some strange reason, my data showed a decline in Mexican silver production, while figures from another source stated an increase.
I wrote the organization responsible for providing silver production figures to the Chile Copper Commission. You see, the Chile Copper Commission (Cochilco.cl) provides global production data on many metals. They use data from World Metal Statistics.
Here is a snapshot of their monthly world silver production update:
Chile-Copper-Commission-World-Silver-Production
Please click on the table to see a larger image. If you look at Mexico silver production, they show an increase to 3,870.1 metric tons (mt) JAN-AUG 2015 up from 3,767.9 mt during the same period in 2014. From this report, Mexico’s silver production JAN-AUG 2015 increased 102 mt, or 3% year over year (yoy).
However, I spoke with a person at Mexico’s Department of Mineral Resources (INEGI), and they sent me the link to their monthly silver production figures. I downloaded the excel spreadsheet and made a screenshot show below:
Mexico-Aug-2015-INEGI-Silver-Figures
I added the total of Mexican silver production from JAN-AUG 2014 and 2015 and put the figures in the next column. As you can see from Mexico’s official INEGI monthly data, silver production is down from 3,839 mt in JAN-AUG 2014 to 3,640 mt during the same period this year.
So, instead of Mexican silver production being up 3% this year (according to data from World Metal Statistics), it’s actually down 6% if we go by official Mexico INEGI figures.
When I contacted World Metal Statistics about this inconsistency, they were nice enough to reply. I asked them why was their Mexican silver production showing an increase while Mexico’s official data reports a decline? They stated that they do use INEGI data for their Mexican silver production figures, but they use different data for the Chile Copper Commission.
That being said, they were surprised that Mexico showed a decline in silver production in 2015. I sent them the excel spreadsheet from Mexico’s INEGI, and they told me that their data was different. They replied to me stating that they had to update all their Mexican silver production data back to 2011… I gather their figures were based on incorrect data. How interesting.
I find this quite interesting because it costs an individual 2,240 Euros to purchase 12 monthly metal production reports from World Metal Statistics. Readers on my site get to find out this information for FREE.
While I used some of the silver production data (in the chart below) from the Copper Commission Table shown above, I double checked Peru’s and Australia’s silver production from their official state figures.. and they matched up. That being said, I also have a problem with World Metals Statistics “Total World Silver Production Figures” shown at 17,967 metric tons (mt) JAN-AUG 2015 compared to 18,014 mt during same period in 2014. These figures come from the Chile Copper Commission table above.
Basically, World Metal Statistics shows a small reduction in total global silver supply JAN-AUG 2015 compared to last year. Even if we adjust the revised lower Mexican silver production data, total world silver production is only down 2.5%… again, according to their figures.
However, if we just go by the top five producers (Mexico, Peru, China, Australia & Chile), overall silver production in down 6%. I gather World Metal Statistics is saying the rest of the countries are reporting increases to show just an average loss of 3% worldwide. Unfortunately, some of the other countries such as Canada are reporting declines in silver production.
Here are the biggest silver supply losers for 2015:
Biggiest-Silver-Supply-Losers-For-2015
As we can see from the chart above, Australian silver production JAN-AUG 2015 is down a whopping 41% compared to the same period last year, followed by Canada down 32%, Mexico down 6% and Chile down 4%. The combined silver production from these four countries is down 15% compared to last year.
Here is additional silver production data from three countries:
Russia’s Polymetal Jan-Sep 2015 = +53 mt
Poland’s KGHM Polska Jan-Jun 2015 = + 6 mt
United States Jan-Aug 2015 = -22 mt
If we just add up these three producers, we find a net increase of about 37 metric tons. Of course, these show different periods, but an increase of even 40-50 mt for these producers won’t change the overall decline of the top five down 684 mt JAN-AUG 2015.
I would imagine the low metal prices going forward will continue to impact global silver production. Chile, the largest copper producer in the world, is showing a 4% decline in silver production this year. The majority of silver production from Chile is a by-product of copper mine supply. As the price of copper continues to fall, we will see more companies shut down copper mines. This will have a negative impact on global silver supply going forward.
I will be writing future articles on how the future silver supply, demand and price will impact the market in the next several weeks and months.
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