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Re: None

Saturday, 05/04/2013 1:38:01 PM

Saturday, May 04, 2013 1:38:01 PM

Post# of 36484
Supply= 1000 Million Ounces, Demand= 500 Million Ounces

According to the Silver Institute, silver supply is over 1000 million (1 billion) ounces per year, while real demand (silver that is used and NOT stored) is only 500 million ounces used each year.

The annual supply is twice as much silver as we use.

All that excess silver each year just adds to the massive glut of stored silver

All that excess supply and stored silver not only keeps a lid on silver prices, it also puts silver at extreme risk of total price collapses from time to time.

Silver could easily fall under $10 and stay there for decade or longer.

Further, all of the 500 million ounces of silver that is used each year, is produced for well under .50 cents per ounce as a nearly free byproduct of copper and zinc mining.