Taking into account that about 150 million ounces of silver have been officially acquired this year, which represents about 20 percent of all silver production in 2009 so far, as well as 25 percent of all silver mine production. (The difference is recycling.)
Unofficially, it's thought that tens of millions of ounces of silver has been acquired since the beginning of the year, besides direct buying by investors.
Even more extraordinary, this represents approximately 15 percent of all known silver bullion known to exist at this time.
Taking into account the rising number of industrial uses silver is increasingly being used for, and some of the products it can't be recovered from, and we could have the perfect storm for increasing silver prices for a long time to come.
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