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<p>[QUOTE=&quot;Collecting Nut, post: 26780746, member: 74863&quot;]The top four silver producing nations in the world control over 60% of the market. Peru is the number one silver producing nation. They produce approximately 20% of the world usage yearly. Daily the precious metals go up they go down or they go down and then they go up. Where they stop for the day as a plus or minus is unknown until the day is over and trading has stopped.</p><p>Silver had a fantastic run up last year as the other precious metals. I don’t know whether silver will be higher at the end of the year or lower than it is now or when it was on January 1 of this year. I do know that industrial demand is higher than it’s ever then it’s ever been. I do know this is the sixth year in a row that demand is outstripping Supply. I do know technological advances are requiring silver over all other metals.</p><p>All this intern tells me that the supply of silver will continue to be low and the price of silver will be forced to go higher. It’s just a matter of time. Obviously when is not now. Even though silver has dropped roughly $50 from its high and it’s still $25 higher than it used to be people are still cashing their silver in and taking profits.</p><p>As for me, I’m not buying unless I can buy it well below spot. I’m more likely to buy coins at today’s prices then I am bars or rounds. I’m content to hold what I have even though I could make money selling what I have. I don’t really play the speculation game, but I am convinced that in time, short time, it will go up higher, so I’m willing to hold and wait.[/QUOTE]</p><p><br /></p>

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