The majority of silver mined is as a byproduct, but other ores associated with silver (gold, copper, etc.) are also declining in price. That fact makes the extraction cost extremely relevant.
http://silverinvestingnews.com/26466/silver-price-buy-endeavour-fortuna-wheaton-first-majestic.html Interesting article...
Even if silver is a by-product of mining if it's selling at $15 and it costs more than that in time and effort to separate it out, I'm going to stop separating it out. Just because it's a by-product does not mean there is no expense in mining it. I think people are so split on the cost of mining silver because the specific mining operations are so different.
Yep... there's the energy and labour costs of refining, minting and transport to consider. Longer-term, the energy component by itself will force the price up.
Just because you can't understand simple logic doesn't mean you have to crybaby all over yourself and this thread. Grow up for once in your pathetic life! .
Silver's price is NOT making moves based on mining costs. Of course there is some long term impact on the general silver price trend based on mining costs but we could see $14 silver as easily as we have seen $49 silver without mining costs changing much at all. Silver price is NOT about mining costs...it's about sentiment and sentiment has bigger fish that comprises it which pressures silver spot prices. .
big traders milking the ups and downs it has nothing to with silver. they probably don't even know what it looks like
yep and all much much much much less than the current price, there is a long way down the price can still go
And there is also a long way up the price can still go. You don't know, I don't know, and those who claim to know, well, they wouldn't be on this board writing what they know, they'd be sailing the deep blue seas with all their wealth, because they are all-knowing.
Yeah, I think most think they should be on a sail boat, when they really belong on a dingy. Amazes me how the know it all folks come out of the wood work, and when one disagrees with them or attempts to offer a differing opionion than theirs or the SS crowd think, they whine like babies. I mean, really, do we have children on this site? Actually, my children are better at critical thinking than a lot of these clowns.
I said it COULD go down I didnt say it WAS going to, but if you are basing your predictions on the cost of mining it it COULD go a long long long way further down before it hits the cost of actually producing the stuff, despite the morons here already bleating that it is allready below its production costs. it COULD also go up but that is unlikely as well I see it doing not much for the foreseeable future, I have not started singing a different tune in this regards
Yep those Silver futures are looking wonderfully rosy at the moment. Maybe there will be some rest at $15. The current extreme over sold conditions appear not to be phasing the selling right now. I certainly wont be shorting here however. Maybe the Chinese are dumping contracts on GLD and SLV to load up on BABA?
We should make a new silver backed currency (or maybe a crypto currency) named the Shatner, or maybe the Shatter so we don't get sued.
