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@WallStreetMav
I have spoken with 3 different CEOs for silver mining companies.
All three of them confirmed the same thing. They are currently receiving about $3 per oz above the publicly traded prices for the silver they sell to smelters.
There are platforms the silver mining companies use, to let the Switzerland commodity companies know what they have produced. The mining companies and test the market at higher prices to see if anyone bites. Lately they are getting about $3 per oz above the public pricing you see in the media.
This indicates some stress and desperation to secure supply of silver.