Each year, the U.S. Geological Survey publishes a report on world mine production and reserves. As precious metals investors, we are especially interested in the silver segment of this report which gives us extremely valuable information on the supply side of the silver market.
The silver price has risen 20% since last year ever since the Federal Reserve started cutting rates and initiating its repo program. Rabobank expects more rate cuts in 2020 due to the slowing economy, so that should boost silver investment demand. On the other hand we also need to look at