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<p>[QUOTE=&quot;InfleXion, post: 1531257, member: 29012&quot;]Mining supply in 2010 was 200 (or was it 180?) million ounces short of demand. A swing of 23 million oz does not fill the gap which continues to be met by old silver scrap. Please understand I am talking about above ground refined available silver. This does not include unrefined silver, silver waiting to be recycled, or silver sitting in someone&#039;s home as sterlingware, coins, or jewelry. It is strictly what is available on the market, and that is what I am saying is the lowest in 700 years. This means not only that demand exceeds supply, but that it has continually been the case to the extent that the amount available is roughly half a year&#039;s worth of mining supply. This raises the question, how can something be valued for decades at a price level where supply never meets demand?[/QUOTE]</p><p><br /></p>

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