Price of Silver over the last 10 years have appreciated average 17.5%....
I'm doing some homework and trying to understand what has happened in recent years with the price of silver, as it seems very important to the Earnings of SLW - no getting around it.
Well, Silver Institute has an article listing the AVERAGE Price for all the years except 2013 so I took a stab at it and just set it to the Price the other day 24.40, which is also what my "eyeball" tells me is conservative for this year.
Note that the Low Year of 2005 (9.8% appreciation) was Followed by a very high year with 58% gain
Then the Low Year of 2009 (-2.13% appreciation)was Followed by two very very high years of 37 then 74% gain
Seems to me this bodes well for 2013 to be a positive year, and indeed a most positive one.