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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who wrote (6196)1/9/2002 9:22:36 AM
From: Art Bechhoefer  Read Replies (1) of 36161
 
Frank, by far the largest industrial demand for silver comes from photographic products. However, this demand is dropping as digital photography replaces conventional film and printing. Given the present trend, is there any reason to believe that overall demand will increase?

The best available data indicate that in a year or so, the only conventional cameras sold for amateur use will be the throw away variety. New sales of cameras will be mainly digital. Of course, conventional film will be sold for existing cameras, but overall sales of film and paper will probably decline, notwithstanding the increase in consumer demand for cameras in developing nations like China.

I don't see how silver prices would be able to go much above $5.50, even if it is true that new silver supplies are getting scarce. In this connection, it is also true that a great deal of silver is reclaimed, particularly from the processing of film and photographic paper.

Art
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