this is david morgan's article, "silver production falls by 70%." that won't happen, but his point is that 70% of silver production is as a byproduct of other metals.

however the point he does not mention is that primary silver production (the remaining 30%) will not be as robust at these prices either. for example, first majestic can't make any money selling silver at $10/oz. they have slowed the pace of their operations, going from 23 operating rigs down to 15. less drilling now means less production or at least delayed production later. aside from silvercorp, i doubt that any of the junior silver producers can be profitable at this silver price, so we can expect silver supply to remain constricted at the same time demand continues to grow.

http://news.silverseek.com/SilverInv...