Nowwhat: "accents" aside, the economic situation is standard but not clear. Cost of production, including finding cost is approx $25/oz on average, so production continues and some mines extend operations near existing locations, but wholesale prospecting is not done. Stocks are slowly reduced, and recycling is cheaper than production. But eventually, price has to approach the cost of production.
Use of silver is related to worldwide growth of electronics/products. Global conomic slump may slow growth of consumption and result in supply/demand balance occurring at a later point, but it eill happen.
My guess is that a pending global recession will thwart the big move, unless the dollar moves substantially to the downside, and/or fear of such collapse becomes mainstream.
Stay on the right side of the cycle!
