For the first time this cycle, a silver miner has filed hard numbers on a forced production cut, and a mine-safety crackdown in China is behind it, not anything the price did. Silver trades near $58 today, having slipped back below its early-July low. The metal is down roughly 18% from where it closed 2025, near $71, and it sits about 52% below the all-time high of $121.62 set on January 29, though it remains up more than half from a year ago. Against gold near $4,000, the gold-silver ratio is about 69. The correction of the past two months has been a monetary story, driven by a firm dollar and a hawkish Federal ... (full story)