
Phil Baker
Longtime mining executive and former CEO of Hecla Mining who served as chairman of the Silver Institute and advises mining companies; speaks on silver supply, demand, and industry strategy.
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Jan 26, 2026 • 20min
Peak Silver Until 2030: Why Mine Supply Won't Top 2016 Levels for 5 Years | Phil Baker
Phil Baker, longtime mining executive and former Hecla CEO who chaired the Silver Institute, discusses silver’s changing market. He explains how physical demand and inventory hoarding tightened supply. Recycling and substitution face limits, strategic stockpiling is rising, and production likely won’t top 2016 levels before 2030.


