Four major primary silver producers just filed their Q1 results. Three reported falling output and cited the same cause. Silver is at $75 today. The ore grades don't care. Silver is trading at approximately $75.69 this morning, down from $87 on May 14. The drop was sharp: over 10% on May 15 alone, triggered by April PPI data showing the steepest single-month producer price spike since early 2022, which effectively erased any remaining market expectation of a Federal Reserve rate cut this year. UBS added to the pressure, slashing its full-year silver investment demand forecast and cutting its deficit estimate. The ... (full story)