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<p>[QUOTE=&quot;InfleXion, post: 1386844, member: 29012&quot;]Mining production only keeps pace with (exceeds) industrial demand. If you factor in investment and jewelry demand, yearly mining supply has never met the total yearly demand in our lifetime. That is why the available supply is at its lowest level in 7 centuries. </p><p><br /></p><p>The other thing is that silver behaves more as a monetary metal than an industrial metal. The industrial usage hasn&#039;t even factored into the pricing otherwise people would be concerned that there&#039;s less than 500 million oz of refined silver on the open market today. Silver prices have gone this high because of money printing. That&#039;s why I contend it is a monetary metal. Ron Paul held up a silver coin to Bernanke yesterday even though he is a gold bug.[/QUOTE]</p><p><br /></p>

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