Would really high silver price cause a lower copper price?
Posted: Fri Apr 26, 2013 11:17 am
Most 'mined silver' is a byproduct of mining for copper. If silver prices went way up it would be profitable to increase mining operations or open new mines. This would probably lead to increased copper supplies. Basic supply/demand principles suggest this would lead to a lower price for copper.
I am thinking a really high price for silver would be 'bad' for copper prices. What are others thoughts relating to this idea?
I am thinking a really high price for silver would be 'bad' for copper prices. What are others thoughts relating to this idea?