SILVER SUPPLY & DEMAND

Global silver mine production growth slowed to 2 percent in 2015 and reached a record 886.7 Moz. The mine production growth was attributable to stronger output in Peru, Argentina, Russia and India, while Canada, Australia and China had lower mine production, with the latter decreasing output by 3 percent. Primary silver mine production grew 5 percent, and accounted for 30 percent of global silver mine supply. The overall slowdown in mine production last year is expected to continue