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<p>[QUOTE="Cloudsweeper99, post: 275847, member: 3011"]Silver demand is high and rising. Just look at annual usage statistics. But you are correct, the price is too low for many medium to high cost mines to operate. This is why the choice is between either higher silver prices, or industry must operate without silver [an impossibility]. To me this is an enormously important and obvious signal to purchase silver now. Regarding futures, there are more ounces of silver sold short in the futures market than exists in the COMEX warehouses to deliver. This shorting is helping to keep the price of silver lower than the true physical market price would be without silver. So I look at the same data you look at and come to exactly the opposite conclusion. I've been buying silver rounds, eagles, maple leafs, dollars, etc. since $5 silver and I don't think we are anywhere near as high as this trend will go.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 275847, member: 3011"]Silver demand is high and rising. Just look at annual usage statistics. But you are correct, the price is too low for many medium to high cost mines to operate. This is why the choice is between either higher silver prices, or industry must operate without silver [an impossibility]. To me this is an enormously important and obvious signal to purchase silver now. Regarding futures, there are more ounces of silver sold short in the futures market than exists in the COMEX warehouses to deliver. This shorting is helping to keep the price of silver lower than the true physical market price would be without silver. So I look at the same data you look at and come to exactly the opposite conclusion. I've been buying silver rounds, eagles, maple leafs, dollars, etc. since $5 silver and I don't think we are anywhere near as high as this trend will go.[/QUOTE]
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