Fri, Aug 29, 2014, 6:19 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

First Majestic Silver Corp. Message Board

  • marvin_lsd marvin_lsd Apr 12, 2013 1:53 PM Flag


    Would it be collusion for the major silver miners to cut back production because of low silver price?
    Seems as though it might be justified based on $26 price being near or lower than break even for many.
    Of course, this would be an unspoken collusion with justification based on greatly reduced or no earnings income.

    If the physical silver market is really manipulated then low silver price wouldn't last very long if supply suddenly dried up.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • marvin like I said the miners can hold back silver from the market to give the silver to US OWNERS SHAREHOLDERS instead.

      I would rather have that.

      what is wrong with owners taking silver for themselves?

      send it to us as a gift and sample as cost of business.

    • There is no need for collusion. Miners are in the business to make a profit. If silver prices drop below the cost of production, then they will start to reduce production, depending on their forward obligations and hedging strategy. Or, they may continue to mine but keep the silver in reserve until prices come back. Either way, there will be a reduction in supply which will eventually bring prices back up, assuming supply and demand are still viable forces in the silver market. ;-)

      Sentiment: Strong Buy

10.24+0.08(+0.79%)Aug 29 4:01 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.