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<p>[QUOTE=&quot;medoraman, post: 1935118, member: 26302&quot;]So where did you read &quot;what is happening in the mining industry&quot;? From a pm website? Gee, they aren&#039;t biased at all, right? Silver is mainly a byproduct metal, mined &quot;accidentally&quot; when they are mining copper and tin, and lesser amounts gold or other metals. So, this is the largest source of silver, and as long as those other metals continue to be mined the silver will be mined whether anyone likes it or not. Primary silver mines MIGHT be losing money at these prices on a fully costed basis, but I bet you its cheaper to keep them running than close the doors, and most likely will be unless silver drops to $10 for a protracted period. Unlike many PM investors, miners LIKE those evil &quot;paper markets&quot; as it allows them to hedge future production. So even a short term drop to $10 will not affect them since most likely they hedged their production in some way. If it weren&#039;t for those &quot;evil paper markets&quot; many more mines would have folded in 2008-2009, and far less new mines would ever open up.[/QUOTE]</p><p><br /></p>

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