Judging the amount of bullion in the world by what is at the Comex is like judging what is on a stage by what is under the spotlight. As for increased mining supply, I guess I should have explained my conjecture a little better. I consider that silver consumption (primarily jewelry) will reduce sharply (~70 mozt) and scrap supply will increase sharply (~50 mozt) in the event of a price spike. The increased mine supply will only be ~30 mozt. A visit to a few mining company websites might convince you that this figure is not unreasonable. The lack of producing primary silver mines at the moment might have something to do with the low price.
I think that the future for silver is pretty good. I have read plenty of bullish articles, but I have not read much about how any price spike will play out. Hence my post. As for what happens it is a matter of wait and see.
