jessiejeff

How Precious Is Silver?

"silver’s price is driven by industrial demand" ??? Silver's spot price is set by the paper futures market, and has little or nothing to do with industrial or invester demand. The physical, non paper silver price is closer to what it is selling for on ebay. At some point the invester shortages will swallow up the wholesale, industrial physical silver, and the paper prices will be brought in line with the true amount of the silver supply.