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- #6
These etf's haven't been around that long, so the longest meaningful chart I could grab was 2 years.
My guess is that MJ is correct and the dip is a reflection of the slowdown in demand for silver as a manufacturing metal. From all indications though supplies are drastically low, so it wouldn't take much demand or a short term pinch in production to spike the price back up.
This site Monthly Gold Price vs. Monthly Silver Price 1975-2007 has comparison charts for the last 35 years which are interesting because you can see gold is back at the highs from the early 80s, but silver hasn't come close to getting back to those levels.
My guess is that MJ is correct and the dip is a reflection of the slowdown in demand for silver as a manufacturing metal. From all indications though supplies are drastically low, so it wouldn't take much demand or a short term pinch in production to spike the price back up.
This site Monthly Gold Price vs. Monthly Silver Price 1975-2007 has comparison charts for the last 35 years which are interesting because you can see gold is back at the highs from the early 80s, but silver hasn't come close to getting back to those levels.