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<p>[QUOTE=&quot;InfleXion, post: 1315356, member: 29012&quot;]A recent Ted Butler article on SilverSeek (sorry link not handy, can get it later if needed) indicated that silver deposits were over 100 times richer at the Comstock Lode than anywhere being mined today. The days of easy silver mining are over. I won&#039;t disagree that the fear/greed factors are playing much more of a role in the current price than physical supply and demand. The way I see it, physical supply and demand won&#039;t matter much at all until there is a shortage. Prior to that, it&#039;s a non-factor, but after that it&#039;s the only factor. As soon as somebody says &quot;I can&#039;t get any silver&quot; the Pandora&#039;s box will have been opened. If that never happens then the paper price will always be running the show. The supply is in fact decreasing. Sure in the last few years mining output finally caught up and surpassed industrial demand, but they still had to pull from existing scrap to meet total demand. There is only 1/2 a year&#039;s worth of mining supply currently readily available as refined silver. Once that runs out it will be up to finding scrap, recycling, and trying to get investors to sell in order to meet the shortfall not met by mining output. Most investors aren&#039;t going to sell at today&#039;s prices.[/QUOTE]</p><p><br /></p>

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