Mexico is a critical player in the global silver market, contributing approximately 20% of the world's supply. Recent developments have put this supply at risk.
Washington's decision not to renew the USMCA extension covering Mexico has introduced a risk premium to the silver market, which is already grappling with supply shortages.
This situation is compounded by the fact that the silver market has faced deficits for six consecutive years, raising alarms among investors and industry stakeholders.