I wrote the following post on April 15, 2013. Be careful folks.
Because the vast majority of people here are delusional and narrow minded. They are currently in the denial phase, but when silver finally settles below $20/oz they will likely get mad at the world screaming it's rigged when they should be looking in the mirror. Folks, cost of production is $3-$4 oz for silver secondary mines. At the very high end consensus: at $17/oz is a revenue bonanza for silver primary mines. Fundamentally, should settle somewhere between $12-$17 oz. Anything above that range relies on speculators (aka greater fools).