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<p>[QUOTE=&quot;ToughCOINS, post: 26659101, member: 20480&quot;]The next trading day?&nbsp; Of course not!</p><p><br /></p><p>Longer term, it’s not hard to read the tea leaves . . . </p><p><br /></p><p>About 850 million ounces are mined annually.</p><p><br /></p><p>About 650 million ounces are consumed by industry annually.</p><p><br /></p><p>What’s that tell you? . . . It tells me that the price action is generated by silver withheld from industry by speculative buyers / holders.</p><p><br /></p><p>JP Morgan holds roughly 750 million ounces physical, or more than one full year of industrial demand.&nbsp; On top of that, consider all of the other investors in physical . . . Institutional and private.</p><p><br /></p><p>Still think the underpinnings of the current price are solid?[/QUOTE]</p><p><br /></p>

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