The impact of silver’s incredible run-up over the last year has been felt throughout financial markets and in a wide variety of industries. Those investors with direct exposure have no doubt enjoyed the near-vertical ascent of the precious metal, as silver has outperformed virtually every asset class over the last several months. But not everyone has cheered the climb higher; the surge in prices has sent end users of the metal, such as film manufacturers, jewelers, and solar panel companies, on a scramble to identify and procure cheaper alternatives. Mining firms have begun to adjust their hedging strategies, and some are no doubt experiencing significant regret after committing to sell significant portions of their output at rates far below the prevailing market price. [click to continue…]
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