this is another example of why the fundamentals of the silver market are so strong. the economic slowdown may reduce some demand for silver, but it also reduces demand for copper, which causes copper mines to shut down, which in turn makes by-product silver production go off a cliff. mexican silver production was down nearly 55% from last year:

Mexico's March copper, silver output down sharply

MEXICO CITY, May 29 (Reuters) - Mexican copper output fell to 20,371 tonnes in March, down 27.6 percent from the same month a year earlier, the government said on Friday.

Silver production dropped to 99,214 kg in March, down 54.7 percent compared with a year ago, the National Statistics Institute said.

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