Price of silver

Discussion in 'Darkroom Developing and Printing' started by UC, Mar 9, 2006.

  1. UC

    UC Guest

    Why is silver going up?

    The photographic demand for silver has to be going down.
     
    UC, Mar 9, 2006
    #1
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  2. UC

    UC Guest

    UC, Mar 9, 2006
    #2
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  3. UC

    UC Guest

  4. UC

    UC Guest

    UC, Mar 9, 2006
    #4
  5. UC spake thus:
    You do realize this is your *fourth* post in this thread you just
    started, right?

    Just so you understand that none of your Google Groups "deletions" work.
    We see all of your "deleted" messages.


    --
    To the arrogant putzes at NBC:

    Do we call the country Italia? Is its capital Roma?
    Were previous Olympics held in Moskva, Muenchen or Athine?
    Do we call it the "Shroud of Torino"?

    No!

    So learn to speak English already and call it Turin.

    - from someone's blog
     
    David Nebenzahl, Mar 9, 2006
    #5
  6. UC

    Mike Guest

    Is demand is rising, or supply is dropping.
    You think photographic demand is the _primary_ demand for silver?! Its
    not.
     
    Mike, Mar 9, 2006
    #6
  7. UC

    UC Guest

    I was adding to my own thread, not intending to delete anything.
     
    UC, Mar 10, 2006
    #7
  8. UC

    Peter Chant Guest

    Mike wrote:

    Silver bullets for dispatching vampires?
     
    Peter Chant, Mar 10, 2006
    #8
  9. UC

    UC Guest

    It's 1/4, according to what I found.
     
    UC, Mar 10, 2006
    #9
  10. There is a large exchange traded silver fund wishing to start up. In order
    to be allowed to trade, they must have about 1.2 million ounces of silver on
    deposit. It would be impossible to buy that much silver on the open market.
    About the only possible way to get that much would be to buy it from Warren
    Buffett's Berkshire Hathaway that has, fortuitously, about that much London
    silver in its possession. London silver has 1/10 the impurities of New York
    COMEX silver.

    I have no idea how much Mr. Buffett would sell his silver for. But the
    silver market may be anticipating that he would not sell it at the price the
    promoters of that fund are willing to pay.

    Silver demand has exceeded silver production for a long time now. It is
    mainly a by-product of copper production, so unless the price of copper goes
    up, silver prices will continue to go up.
     
    Jean-David Beyer, Mar 10, 2006
    #10
  11. UC

    UC Guest

    But if film consumption is declining, and film use represents 1/4 of
    the demand for silver, that's a big chunk!
     
    UC, Mar 10, 2006
    #11
  12. Not compared to the demand of people who fear inflation and are buying gold
    and silver as a hedge.
     
    Jean-David Beyer, Mar 10, 2006
    #12
  13. Jean-David Beyer, Mar 10, 2006
    #13
  14. But silver is used in electronics which are proliferating all over the
    world - just like film used to. I think every soldered joint has a bit
    of silver.
     
    Frank Calidonna, Mar 10, 2006
    #14
  15. UC

    Mike Guest

    Lots of electro-mechanical switches use silver

    But I buy Jean-David's argument on inflation fears.
     
    Mike, Mar 10, 2006
    #15
  16. UC spake thus:
    According to Wikipedia (http://en.wikipedia.org/wiki/Silver),
    photography is "the largest single end use of silver". Summarizing the
    uses from their article (no percentages, unfortunately):

    o Electrical contacts and conductive coatings (printed circuits)
    o Reflective coatings for mirrors
    o Coins [definitely a declining use]
    o Jewelry
    o Dental usage
    o Catalyst usage
    o Solder
    o Batteries
    o Explosives (silver fulminate)
    o Cement for glass (silver chloride)
    o pH testing electrodes (silver chloride)
    o Cloud seeding (silver iodide)
    o Medical uses (silver nitrate & silver sufladiazine, both declining)


    So what was your question again?


    --
    To the arrogant putzes at NBC:

    Do we call the country Italia? Is its capital Roma?
    Were previous Olympics held in Moskva, Muenchen or Athine?
    Do we call it the "Shroud of Torino"?

    No!

    So learn to speak English already and call it Turin.

    - from someone's blog
     
    David Nebenzahl, Mar 10, 2006
    #16
  17. UC

    Scott W Guest

    The real truth is that the digital camera manufacturers are secretly
    buying up silver to drive the price of film up and thereby hastening
    its demise. It is a conspiracy to do in film.

    Scott
     
    Scott W, Mar 10, 2006
    #17
  18. At one time Kodak was the largest consumer of Silver in
    the world with the exception of the U.S.Government (when
    silver was still used in coins). However Silver is subject
    to speculation so its price varies around.
     
    Richard Knoppow, Mar 11, 2006
    #18
  19. UC

    Joe Makowiec Guest

    Nelson Bunker Hunt and his brother William Herbert Hunt:

    http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt
     
    Joe Makowiec, Mar 11, 2006
    #19
  20. I shouldn't be surprised if photographic demand is actually going up.
    While film use and production has reduced, people are printing more than
    ever. Lab printing, even of digital, is all silver based.
    Additionally, there is a worldwide push for electronic products to be
    manufactured with lead-free solder. Most lead-free solder alloys contain
    silver, so that is another demand driver.
     
    Graham Fountain, Mar 12, 2006
    #20
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