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<p>[QUOTE=&quot;Sullykerry2, post: 2066035, member: 57121&quot;]Physical silver will likely trade higher than the current March contract of $18.178 per oz.</p><p><br /></p><p>My rationale is twofold:</p><ul> <li>If the U.S. is indeed in a growth renaissance, industrial demand for silver (the key issue here) will increase.&nbsp; Silver is required for all forms of higher quality electronics such as cell phones, computers. TVs etc.&nbsp; So watch the Federal Reserve&#039;s monthly manufacturing stats.</li> </ul><p> <ul> <li>Secondly, physical supply (i.e. inventory) is being drawn down quickly.&nbsp; For us, who follow U.S. Mint sales or for that matter any other foreign mint you will note that either silver coin production is limited or demand outstrips supply i.e. the U.S. Mint&#039;s recent suspension of Silver Eagle sales.</li> </ul><p> <ul> <li>Watch carefully the warehouse receipts (where the physical stuff is located):&nbsp; Shanghai, London and the COMEX.&nbsp; Contracts prices are always subject to leverage so physical warehouse receipt changes are important.</li> </ul><p>John[/QUOTE]</p><p><br /></p>

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