Just my opinion, but we may be looking at $5000 GOLD and $700 Silver in around 5 to 8 years time... Am I dreaming? Perhaps...
The industry was in a bubble that was ripe for bursting back in the late 70's where Silver blew up from about $11 to just under $50. Though the rich boys Nelson and William Hunt greatly affected the silver price by means of manipulation. Nevertheless, Silver would have gone up steadily without them IMO. In about 2 months time the Silver crashed bellow $11 once the regulators got involved...
My point is circumstances back then and today are totally different. Now gold and silver is being used for a lot of different things. We also have massive players China & India with great demand for the stuff...