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Peru Issues Energy Crisis Decree, Silver Production at 13.6% of Global Output Drives Price Surge on May 11

2026-05-13 00:09:58

According to Huishang Futures, Peru issued an emergency energy decree on May 11. The country's silver production accounts for 13.6% of global output and 18% of global reserves, making it the world's third-largest producer and largest holder. The decree sparked market concerns over silver supply tightening, directly driving a sharp rise in silver prices.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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COMEX Silver Futures Surge 7.54% on May 11, Gold Also Rises

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