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<p>[QUOTE=&quot;InfleXion, post: 1474302, member: 29012&quot;]Yes the industry does need physical silver, which is highlighted by the fact that over the last 100 years the industry has used up the entire world&#039;s silver surplus putting supply levels at their lowest since the 1300&#039;s. However since the industry can hedge they do not have to care about the price of metal. All they have to do is flip it for a small spread, and the hedging cancels out the rest. This is all fine and well as long as there is enough supply, but should the day come when there is not they will wish they had bargained for fair value prior to the depletion.&nbsp; </p><p><br /></p><p>&nbsp;I&#039;m not following how you can substantiate this. Just because the price has risen doesn&#039;t mean they haven&#039;t done a good job of holding it down if that was indeed the case. It all depends on what the price should be, which is unknowable. I have also gone into detail in previous posts about how the very nature of the futures market is manipulative, not even pointing out all the evidence from GATA, and nobody has refuted what I&#039;ve said.[/QUOTE]</p><p><br /></p>

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