Silver Production, Demand and Deficit
So you don’t believe the silver market is being manipulated by JP Morgan? How do you explain this chart? In what non-manipulated world does demand exceed supply by 37% and the price of the product stays flat?
“Silver demand/production faces an annual shortfall of some 8,678 tonnes in 2011. On a silver ounces basis this translates into a deficit of 115 million ounces.”
– David Chapman
Read more: TheBurningPlatform.com, 23 August 2012