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

GateNews

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.

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