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<p>[QUOTE=&quot;jolumoga, post: 1721709, member: 41780&quot;]I agree, and I will also add that supply and demand are also not the sole or even main determinant of the price of silver in either the short or intermediate term.&nbsp; This is the fallacy made by those attempting to &quot;quantify&quot; a market that is largely driven by psychology.&nbsp; In fact, silver&#039;s volatility (in my humble view) points to the difficulty (and perhaps futility) of attempting to arrive at a fair price using mathematical analysis (not to mention that I have recently listened to a report pointing to the cost of production rising exponentially, which implies a fast-moving target).&nbsp; To be clear, I think the further a horizon is broadened, which can mean <i>years</i>, the more accurate a quantitative analysis is.&nbsp; So it has some use, tho with plenty of margin of error.&nbsp; I come with a view that the greatest determinant of silver&#039;s price is the value of the dollar, which by no means is an original viewpoint.&nbsp; At some point, and that means longer term, the dollar will be devalued not only against finite commodities but also relative to other major currencies.&nbsp; With this assumption, silver will have a comfortable floor with the potential to break out yet again to new highs.[/QUOTE]</p><p><br /></p>

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