In light of today’s paper futures smash sending silver towards $27 and several recent predictions by silver experts that silver’s long term price target is $20, we thought it apropos to re-post SRSrocco’s detailed analysis of the current COMPLETE COST FOR MINING SILVER, along with a NEW UPDATE from Steve.
By SD Contributor SRSrocco
Last year, I wrote an article titled THE COMPLETE COST OF MINING SILVER. In it I used a quick formula to figure what a more true cost would be for an ounce of silver than the CASH COST.
This is an update of the complete cost for mining silver: