Miners will sell their stock while it’s still in the ground—much the way farmers will sell wheat before its harvested. So that is not unusual.
I believe the “rumors” are regarding the SLV ETF. Your point the other day that they would have crashed in 2008 had that been the case is valid.
That said, the silver market is thin and competitive as long as the industrial side keeps buying. Silver is a bitch to mine and it is mostly a byproduct of other metals.
I’ve been buying silver and gold regularly since 2000. It’s been up. It’s been down. It’s still buried in the back yard.
I just enjoy a nice mania.
True and higher prices all of a sudden make it economical to mine low grade ore or process ore from other metals. It also becomes profitable to recycle silver from items where is was not before. Fresh new supply hits the market, prices go down. Only the reddit kiddies on think the laws of supply and demand have been repealed and silver can go to $1000/oz.
And the SLV prospective states that if they can't get silver for the custodial account, they just stop trying to match on hand physical and the NAV to current silver prices. That's a FATAL FLAW in the reddit game plan.