Look it up for yourself
According to the Silver Institute.......
Total Silver Supply 2011 = 1040.6 million ounces (over 1 billion ounces)
Total Industrial Demand = 486.5 million ounces + 66.1 million used for photography
So that means that about HALF of the yearly silver supply is USED, while the other HALF of the supply is simply stored in the form of bars and rounds and other forms of STORED SILVER.
The silver pumpers want you to count the STORED SILVER as "Demand", but that's stupid. Stores of ANYTHING is SUPPLY, NOT demand.
We're swamped with an OVERSUPPLY of silver
Each year, the massive OVERSUPPLY of stored silver grows larger and larger.
Meanwhile,real industrial demand peaked in 2010 and is now shrinking, especially as China's economy slows down.
It's not silver or gold. It's everything that's collapsing. The economy is on the gutter and about to disintegrate even more. Equity markets will get slaughtered and never recover. This economic system has utterly failed and won't see the next decade. Silly Americans lead the way to a totalitarian society where everything is run by the state and big brother will know everything.