Why silver price dropped
Here's a look at the gross margin between each silver miner's full-year AISC forecast at the midpoint and the current spot silver price. Fortuna Silver Mines: $5.38 margin based on $11.10 AISC. First Majestic Silver: $4.55 margin based on $11.93 AISC. Endeavour Silver: $3.98 margin based on $12.50 AISC. This makes the silver price drop as the prices are determined in commex. Now with regressed prices, they would buy physical quantity at cheaper rates. Silver prices look particularly undervalued right now. To what reasons are JPMorgan hoarding silver is unknown, but the bank is not buying because it loves silver. The answer to why silver prices are dropping today involves a look at Europe, jobs, and this unusual silver price pattern