Yes, the price of silver is indeed looking bright and shiny!

Silver Price Looking Bright & Shiny!

Although over the past ten years the supply through production and scrap of silver has increase by 26 percent, the demand has expanded by only 10 percent. But a good percentage of this production is irrecoverable through photographic paper and other industrial use.

As Jason Hommel of miningpedia.com correctly pointed out:

"Most of the cost to ship silver and gold, about 80% of the cost, is for the insurance, to insure against the loss of theft of it. And here's how it breaks down, as follows:

To ship 100 oz. gold, requires 4 packages, because you can only insure so much at one time, not more than $25,000 worth. $45 each package.
Total cost to ship 100 oz. of gold = $45 x 4 = $180

To compare, it costs $20 to ship 100 oz. silver; $8 for the one box, and $12 for the insurance. Insurance is much less, due to the lower value.

Gold is 9 times as expensive as silver to ship, on an ounce per ounce basis at current prices, and more inconvenient, due to having to break down the packaging into 4 boxes."


http://silverprice.org/silver-price-news/2008/01/silver-price-looking-bright-shiny.html

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