Message:

<p>[QUOTE=&quot;jiggysmb, post: 1711249, member: 33251&quot;]I posted a similar comment on a silver dealers comment page and it was met with all types of negative comments. In no way do I mean to bash silver as I am all for the fundamentals and bought at $3/oz, $48/oz and now at 20-22/oz. Reading the last Silver Institute report I interpreted many statements to mean silver is mined as demand fluctuates. If industry needed more, more was mined, when demand dropped, not as much is mined. Other statements lead me to believe this was also the reason for such huge price swings. The most important thing I saw was that supply has been increasing but industrial demand was dropping more and more each year. Sure, investment demand is up but nowhere near as much as industrial demand has fallen. I also recall a few foreign mines stating last summer they would be profitable if silver was $10/oz. I think price will continue to drop for some time until something requires mining to ramp up significantly.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in