i had sold for a small loss at 6.17 and bought back in at 5.73. hopefully you're right i was saying earlier that 5.72 is the line in the sand if you look at the 5 year chart. although 5.72 was technically broken already the break was minimal and has bounced ever since so the long term chart will still show a double bottom if you draw a line from there, assuming it continues bouncing. i never expected to get in this cheap this is a clear multibagger in the years ahead.
Industrial demand needs of silver to increase by 35% by 2015 - Mineweb and MIT. That may not seem to be a substantial increase, but compare it to supply. There are 700 to 800 million ounces of usable new silver each year, and consumers are currently buying close to that amount. Silver demand is increasing by 100 million ounces per year, while mining production is only increasing by 20 to 30 million ounces. The increase in the silver supply is three times less than the increase in silver demand. Sure the FED and the corporate world that uses silver wants to bring the price down using the aide of banks. This is called good old American manipulation, but consider the rules of supply and demand over time, the third ratio for the equation. A long and board subject, but the basics are in the EXK video - two parts under 'investor hub' on their web site.
This will place silver supply and demand in a position where in just a few years the supply of silver will not meet the demand.