First published by Money Metals here: https://www.moneymetals.com/news/2016/01/21/peak-gold-silver-000816

Have we reached peak precious metals? Many analysts think so. Just to be clear, however, the idea of peak gold and peak silver <u>doesn't</u> refer to a peak prices. The precious metals put in a cyclical price high in 2011. But annual mining production levels may have peaked in 2014-2015.