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<p>[QUOTE="legacya, post: 2011204, member: 72604"]I think there is still some downside here, but not too much. Prices here are not sustainable. First Majestic has already withheld 35% of their silver production because they can't afford to lose any more money on their silver. Average cost of production on silver is between $21-$22 per oz. Delays are starting to creep up in silver. Junk Silver premiums have jumped $1 per oz in the last 2 weeks. When all of that happens, silver increases aren't too far behind.[/QUOTE]</p><p><br /></p>
[QUOTE="legacya, post: 2011204, member: 72604"]I think there is still some downside here, but not too much. Prices here are not sustainable. First Majestic has already withheld 35% of their silver production because they can't afford to lose any more money on their silver. Average cost of production on silver is between $21-$22 per oz. Delays are starting to creep up in silver. Junk Silver premiums have jumped $1 per oz in the last 2 weeks. When all of that happens, silver increases aren't too far behind.[/QUOTE]
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