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<p>[QUOTE=&quot;InfleXion, post: 1271836, member: 29012&quot;]I don&#039;t have the numbers handy, though I have posted the links to them more than a couple times in the past somewhere around here, but basically mine production did not meet industrial demand for 50 plus years and the entire world supply of available silver got decimated down to about 1 billion ounces, the lowest level since the 1300&#039;s. Available is the key word here, which does not include investment silver which may or may not come back on the market depending on who&#039;s holding it. At some point in the last few years mine production began to exceed industrial demand, however it still does not exceed total demand which includes investment demand. It should be apparent with the recent price moves that the price is driven by paper markets, since the fundamentals haven&#039;t changed in the last week. Right now the US dollar is the beneficiary of Euro weakness. Even if this does not remain the case, the paper price could still do the opposite of what would be expected under normal circumstances. All things being equal, I think $200 silver in 2 years is plausible, but all things are not equal.[/QUOTE]</p><p><br /></p>

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