$9.50 an ounce is where this is heading. It's not about production costs, it's about fleecing the morons they juked ino buying at $30+ and tripple keying their profit to cost basis. The ETF's just serve as a "rudder" for the Frat-Houses of Preferred Shareholders in other things to flip during the dip and not only that, they get to do it all with your chip.
I would follow the price of SLW - It is the largest silver smelter in the world. They do not mine it - The process the ore ... I really do not see the price of silver going near Ten Dollars, but my crystal ball broke years ago...
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