Icarus

The historical norm is 16 to 1 http://en.wikipedia.org/wiki/Silverite

With silver production down silver is a dead cert. "Every year the world produces some 550 million ounces of silver. World demand is on the order of 850 million ounces. The difference in these (300 million ounces) is drawn from existing stockpiles around the world." http://www.essortment.com/all/silverwhatpric_rgle.htm The world stockpile of silver is only 300 million ounces. Now is a good time to buy and a bad time to sell.