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<p>[QUOTE=&quot;Cloudsweeper99, post: 1265844, member: 3011&quot;]The recession in the late 70s and early 80s was world-wide, not a shift as is occurring now.&nbsp; But it is difficult to get good statistics from back then so who knows.&nbsp; Just because someone writes that the decline in industrial demand was due to the price doesn&#039;t make it so.&nbsp; Every day we hear reasons why markets do what they do, and for the most part it is just a guess by the commentator because they are expected to say something.&nbsp; I don&#039;t even think the statistics above show that price reduced industrial demand.&nbsp; Not knowing how the statistics were gathered, they might be (1) wrong, or (2) due more to the global economic situtation than the price of silver.</p><p><br /></p><p>It is easier to observe what markets do than to determine why they do it.[/QUOTE]</p><p><br /></p>

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