o c t o b e r / n o v e m b e r 2 0 1 5
www.resourceworld.com
7
supply-demand situation for silver?
DM: The supply is very weak and the
demand is very strong. Government mints
are not meeting the demand. The demand
for junk silver, bag silver or constitutional
silver cannot be met (any
silver coin which
is in fair
condition and has no numismatic
or
collectible value above the bullion value
of the
silver it contains). The premiums are
very high, which is a detriment to some
investors. The market is currently telling us
there is a lot of buying pressure with people
willing to pay a higher premium than nor-
mal and wait longer than normal to receive
it – a very bullish sign.
RW: Are there many new silver-produc-
ing mines coming on stream?
DM: Since most silver is a byproduct
of lead-zinc mines, which will see a sup-
ply deficit in the next few years, less silver
will become available in the future. There
is more information on this in my Silver
Manifesto book.
RW: Will some of the new silver tech-
nologies (such as water purification,
medicine and solar panels) increase the
demand for silver?
DM: I think the solar panel industry
that uses silver has leveled off and may
perhaps grow somewhat. The future of the
solar panel sector is unclear as non-silver
panel technologies have recently been
invented. Both the medical and water puri-
fication sectors show growth; however,
very little silver is used in each applica-
tion, so these won't be a significant driver
of the silver price.
RW: Do you favor buying shares in sil-
ver explorers, miners as well as silver coins
and bars?
DM: I like to diversify between silver
stocks and metal. Owning just explorers is
far too risky for most people. I try to bal-
ance risk with reward.
RW: Are silver and quality silver stocks
undervalued?
DM: Yes. There is little doubt, by any
metric you use, that both the physical
metal and quality shares at all levels – Top
Tier, Mid-Tier and Junior – are all under-
valued.
n
Organized by
www.worldminingsummit.com
Contact: Lawrence.smithson@americanleaders.com
November 4 - 5. 2015
ToroNTo, CaNada
"…the current $15 price has the same dynamics based on the true
money supply that $5 silver had in 2000 when there were few
buyers of silver. Today, things are different and many more people
are becoming aware of the fundamentals of silver and some major
government mints are having trouble meeting demand."
