“We are at, or very near, a bottom,”

Intervju med Silver Wheatons CFO: Silver prices are at rock-bottom

“We are at, or very near, a bottom,” said Gary Brown, chief financial officer at Silver Wheaton, the largest precious- metals mine-financing company. “If prices don’t rise from here, you’re going to see a significant supply side reaction.”

“If it maintains, even at $19 ounce, you could see a significant supply-side reaction, 125 million ounces of silver being shut down,” the CFO said. “There hasn’t been a mass shutdown of silver mines and that’s largely because theses guys are keeping the lights on. You can only do that for so long.”

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