It´s logic, that they will shut down production to raise the prices.
But huge shortsellers know that, and that´s not in their interest, because prices might explode.
Coeur mines might be the first one, because they lose money at current prices.
imo....corporations and industries don't shut down to drive prices up. Can you think of any examples of it being done ?
Why...they put their employees out of work (not a good thing), they lose the confidence and pricing of their suppliers (not a good thing), they lose the confidence and pay penalties for not delivering on their supply contracts. Idled equipment is costly to restart. Management loses incentive payments, their lenders lose faith in the company as an on going enterprise....investor lose faith as an investment.
Just saying...don't seem like folks here know much about corporations (not to say I do, but apparently more than many here) .....I have seen the miners will shut down posts for a year....seen any ? Now they could reduce output. But it is a gamble (that future prices will make that a good decision)...risk and reward...tough call.