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<p>[QUOTE="medoraman, post: 2793546, member: 26302"]Jim has that bad habit of breaking out theories, facts, economics, and other stuff on us. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Point is, short term prices can do anything. Long term, they will have to at a minimum equal incremental cost of production ignoring sunk and shutdown costs. It is a commodity, though, so usually they get reduced down to a band between this and a price slightly higher than opening up a new mine and cost of capital. I have no idea what this band might be. If I had to guess for silver, with the current price of oil, it might be between $10 and $20. Just a somewhat educated guess though. Oil prices and prices of copper have a lot to do with it.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2793546, member: 26302"]Jim has that bad habit of breaking out theories, facts, economics, and other stuff on us. :) Point is, short term prices can do anything. Long term, they will have to at a minimum equal incremental cost of production ignoring sunk and shutdown costs. It is a commodity, though, so usually they get reduced down to a band between this and a price slightly higher than opening up a new mine and cost of capital. I have no idea what this band might be. If I had to guess for silver, with the current price of oil, it might be between $10 and $20. Just a somewhat educated guess though. Oil prices and prices of copper have a lot to do with it.[/QUOTE]
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