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<p>[QUOTE=&quot;jolumoga, post: 1766230, member: 41780&quot;]Silver is now over $20 per ounce. So it appears to have strong support at this level, considering some here were predicting it would go to $10 or lower. The reality is that many silver producers will either lose money or will have to cut down production at this level, because the costs to mine silver (as a byproduct or not) have risen substantially due to decreasing ore quality and rising oil prices. Silver will never again see $10 an ounce or lower, despite claims here that the total cost is at that level or lower, unless there were to be a severe deflationary depression with collapsing prices across the board, in my view.[/QUOTE]</p><p><br /></p>

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