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<p>[QUOTE=&quot;Cloudsweeper99, post: 966244, member: 3011&quot;]I&#039;m not an industry insider, but 5 or 6 years ago there were large draw-downs in silver inventories to fill the gap between production and consumption.&nbsp; When economic activity recovers, this will happen again until the available inventories are depleted.&nbsp; Then, the price will have to rise to bring more metal out of hiding.&nbsp; Ted Butler has written a series of articles explaining how huge concentrated short positions in the silver futures market kept the price from rising even more than it did during the inventory draw-downs, but I have no way to know if his analysis is accurate, although it fits what happened in reality.</p><p><br /></p><p>To answer the OP, I think silver would go down in a MAJOR economic crash [which presumably means one greater than what we just had] unless there is significant inflation to attract precious metal investors seeking a safe haven.&nbsp; It isn&#039;t easy to predict, but that is my expectation.[/QUOTE]</p><p><br /></p>

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