why silver at $398.52 is a realistic...price, page-24

Scott, silver was less than $4 just a decade ago. The ridiculous prediction is silver at $398.52!

There were no supply concerns for silver back at $4/oz in 2001 because demand was weak and nobody wanted to buy/speculate in silver (and that was the time to buy). If silver is to tumble in price again, due to the commodity bubble deflating along with the global economy, investors would rush to get out of precious metals (just as they did during the GFC). And if the cost of production is above the price, then mines will close.