World’s Largest Silver Producer Reports 11.4% Output Drop

The world’s largest primary silver producer reported an 11.4% decline in silver output for the first half of the year compared to the same period previously.

Notably, roughly a third of those missing ounces are not entirely lost to the market — they are still being extracted, but not by the company. The details behind this shift were not immediately disclosed.

The development raises questions about broader silver supply dynamics, as the top producer’s output dip could tighten global physical supply if the trend persists.