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<p>[QUOTE=&quot;medoraman, post: 1434408, member: 26302&quot;]No, I meant are you including &quot;implied net investment&quot; as fabrication demand? This could be silver bars laying around investors bought. </p><p><br /></p><p>Regarding coinage, why is every ounce struck considered &quot;fabrication demand&quot; yet coins sent for melting aren&#039;t offset versus this figure? That is my point, I would not discount recovery as a declining resource. Every ounce you consider &quot;fabrication demand&quot; if its not consumed, is future recovered silver. I would basically like to know physical disappearance versus mining numbers to see if there is more or less silver above ground. By &quot;above ground&quot; I would include all of the hundreds of millions of ounces in coins and bars buyers have been buying the last decade.[/QUOTE]</p><p><br /></p>

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