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Thursday, March 15, 2012 11:35:08 PM
As industrial metals, copper is worth about $3-$4 per pound and silver is worth about $90 to $130 per pound ($6 - $9 per troy ounce).
A great deal of silver (more than we consume each year) can be profitably mined for under $6 per ounce. Much silver is mined for free as a byproduct of other mining activities.
Speculation and hoarding has temporarily pushed silver prices sky-high, but hoarding bubbles never last. The last time the silver hoarding bubble deflated (3+ years ago) silver fell to $8.xx per ounce.
The silver bubble caused by hoarding and speculation is now deflating
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