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

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