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<p>[QUOTE=&quot;medoraman, post: 1727937, member: 26302&quot;]It would shock me as well. For that to be true, silver would have to be near the high end of variable silver mining costs. I do not think the variable costs are that high, so if it were truly that steady I think the range would have to be lower. However, since its around $22 steadily right now, investor psychology has to be propping it up. Since that is the case, I am betting investor psychology will not be such low volatility. The 1990&#039;s were low volatility since everyone thought silver was a bad investment, and there were some large sovereign sales suppressing the market. I do not see any sovereign sales nor purchases on the horizon, and a corps of young bullion investors nowadays. </p><p><br /></p><p>Make sense? IOW, since its mainly priced on psychology right now, I do not think this will lend to rock steady pricing. Short term, I am nervous about what these two large copper mine shutdowns will have on silver supplies. Its hard to lose two of the largest copper mines in the world and not have a measurable affect on silver supply. It will take months, but it could be a spark to at least a short term spike later this year.</p><p><br /></p><p>Always remember, though, that if PM stays &quot;steady&quot; its in reality declining. Humans never get that through their head, really, the notion that if something is worth $22 a decade from now it has in reality lost a lot of value. By definition, the value of something like PM should go up each year with inflation over the course of years to &quot;stay steady&quot;.[/QUOTE]</p><p><br /></p>

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