The huge rise in the price of silver since 2005 has been due to Investment, not Industrial Demand. The price of silver remained below $5 since the late 1990′s even though there was a silver supply deficit.
The only way to destroy the price of silver is to crush INVESTMENT DEMAND….. period. Hence, the work of the FED and member banks.
Many precious metal investors today are troubled by the current weakness in the price of silver and are concerned that prices could fall much lower. While the price of silver could continue to fall a bit from here, it’s more likely we will see a higher, rather than a lower trend in 2014.
If we look at the table below, we can see the total three-quarters of financial metrics from the top 12 primary silver miners: [Read more...]