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<p>[QUOTE=&quot;InfleXion, post: 1424245, member: 29012&quot;]Silver moves due to speculation in both directions, mostly at the behest of CME margin changes and Fed policy. Since it is a highly speculative market with a fractionally based physical supply supporting its paper derivatives you can&#039;t really infer that it is undervalued or overvalued based on the speculators alone. All we can say for certain is that whatever the real price should be is misconstrued, and any additional inference is up to how you view the fundamentals. I tend to think that the lowest supply levels in 700+ years combined with mining supply being consistently unable to meet total demand without pulling from existing available scrap means it is undervalued. Supply and demand should typically not allow for a finite resource to be in historically low supply or in backwardation.</p><p><br /></p><p><br /></p><p>&nbsp;&nbsp; &nbsp; This is where 90% rosies and war nickels come in for me. Rather pay less than spot than have the added premium on fractional bullion.[/QUOTE]</p><p><br /></p>

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