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Message:: [QUOTE="jolumoga, post: 1722755, member: 41780"]I just came to the realization that I may have been too hard on those who scrutinize supply and demand and cost of production numbers.  I believe, upon some reflection, that though they can be taken out of context, they can be an excellent way to establish an entry point into silver as an investment.  I say this because silver's range over a year-long period can be very wide, either swinging way too high or low relative to fundamentals.  I have not really delved into cost of production, but I have read or heard estimates ranging from as low as about $10 to $30 per ounce.  Generally, estimates tend to hover around the $20 area.  So studying cost of production would be a worthwhile endeavor for someone looking for a good entry point.  Such a study, of course, would involve selecting the sources one believes to be the most credible.  If one concludes $20 is an accurate estimate of the cost of production, then $20 or less would be a buy (especially the further the price drops below the cost).  On the other hand, one important caveat to such an analysis is that the cost of production may change substantially from year to year, which I believe to be the case.  I know this may sound obvious to some of the members here, but it could provide some guidance to those wondering if they should put money into silver, given its recent correction.[/QUOTE]