Related: Choosing the Right Precious Metal ETF for the Right Job
Declining silver production could crimp supplies going forward, in turn lifting prices.
“2016 was the first year in more than a decade wherein the primary silver production (coming from mines either as a main product or a by-product credit) decreased. After seeing a total silver production of approximately 668 million ounces in 2007 increasing to 891 million ounces in 2015, we saw a (first) decrease to 886 million ounces in 2016,” reports ZeroHedge.
To start the third quarter, SIVR and SLV have seen combined inflows of about $160 million after the two ETFs combined for second-quarter inflows of about $166 million.
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