Silver futures just jumped $5 to hit $75 in today's session. What's worth noting? Mexico dominates global silver production, yet their output has been sliding hard—down 20% from its 2015 peak. The catch here is structural: those world-class Mexican mines have been in operation for centuries. They're running up against depletion constraints. When you combine price momentum with tightening supply dynamics, you get the makings of a supply-constrained market. Whether silver acts as an inflation hedge or industrial demand driver, the production headwinds from the world's top supplier add real friction to the spot market.