When investors discuss gold and silver prices, the focus is often on central bank buying, inflation, interest rates, and demand trends.
But there's another key factor that deserves attention: mine supply.
⛏️ According to CME Group, global
#gold production is down roughly 10% from its 2017 peak, while
#silver mine supply has declined about 9% since 2016.
📈 At the same time, investment and industrial demand for precious metals has remained strong, highlighting the important role supply constraints can play in shaping long-term price trends.
📖 Well worth the read:
👉
cmegroup.com/insights/econom…
#Commodities