A very good question is raised by this thread. Who is buying all the output and what is being done with it? Maybe supply equals demand and it's all straightforward, or maybe there's something lurking in the numbers that would be worth knowing about for longer term stackers.
I don't think there is any major dichotomy between demand and supply. Maybe ASEs have sold out, but there is ample stock of other product. The spot price reflects the current value of silver. If investors are more interested in paper silver, stocks, and property, then so be it. That's where the dichotomy lies. Either silver shines, or more likely the other investment classes crash. On the whole, most silver is now in strong hands so I think the secondary market is slowing down whilst new stock, such as ASEs are selling out. There will come a time, probably after Christmas, when new stock will sell out faster and then silver spot will creep up. When this increase meets the other assets coming down, is when the major breakout will occur.
