I have thought that a rapid move to 50 is needed because of factor scrap silver. I believe that we have an emergence of a large source of silver that will come to market when prices are north of 40 dollars. I have co-workers that are looking seriously at selling their family silverware, candlelabras and silver bowls. A large candelabra can now bring in $4,000 dollars. For hard strapped american families these items may start coming to market.
This concern may be exagerrated by the fact that this is just a drop in the bucket when you truly understand the supply/demand picture, and I must confess that I do not. Anyone else have an opinion on this ?