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<p>[QUOTE="InfleXion, post: 1314612, member: 29012"]Just a stray thought here, but I wonder if the cost of production takes into account that most silver is mined as a byproduct. Primary silver mines are the minority. I wonder if the cost of production might be listed higher if the mines had to justify their costs to get the silver out of the ground instead of just coming across it while they go after other metals, as in the cost of production for silver might not be including all the other expenses that it takes to run a mine since that's a given anyway. </p><p><br /></p><p>In any case, to me it appears that cost of production doesn't define the floor, but rather only would potentially raise the floor as it goes up. When I look at a silver chart as compared to a chart of the USD, the high for silver in April/May corresponds with the recent low in the USD. I often contend that silver's price is due to monetary policy more than anything else.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1314612, member: 29012"]Just a stray thought here, but I wonder if the cost of production takes into account that most silver is mined as a byproduct. Primary silver mines are the minority. I wonder if the cost of production might be listed higher if the mines had to justify their costs to get the silver out of the ground instead of just coming across it while they go after other metals, as in the cost of production for silver might not be including all the other expenses that it takes to run a mine since that's a given anyway. In any case, to me it appears that cost of production doesn't define the floor, but rather only would potentially raise the floor as it goes up. When I look at a silver chart as compared to a chart of the USD, the high for silver in April/May corresponds with the recent low in the USD. I often contend that silver's price is due to monetary policy more than anything else.[/QUOTE]
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