Critically High U.S. Silver Supply Reliance In Jeopardy When Paper Markets Crack
By: Steve St. Angelo, SRSrocco Report
SilverSeek.com
January 31, 2017
The U.S. silver supply will likely be in jeopardy in the future when the highly inflated paper markets finally crack. This is not a matter of if, but WHEN. If we consider the top two precious metals and copper, silver has the highest net import reliance as a percentage of domestic consumption.
According to the data put out by the USGS – U.S. Geological Survey, and the GFMS team at Thomson Reuters, the United States silver net import reliance as a percentage of total consumption, was 72%, versus 36% for copper and a negative 48% for gold:
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