Silver gets "used up" in industrial applications. While you average product that uses silver might only use forty cents worth, that forty cents is absolutely indispensible.
So there is a deficit.
Also, I think ETF has to have something like 130M oz on hand to start trading.
Do some research on the history of silver and you will understand.
130 M oz - considerable amount.
Do some research on the history of silver and you will understand.
Yes, with some funds out now-I need to bring myself up to date. Thanks for your posts.