the silver market in 2004 philip klapwijk institute new york 8 th november trends and developments qprices qdemand qsupply qinvestment speculation qconclusion 3 4 5 6 7 jan 98 99 00 01 02 03 04 price january october average us 53 37 up yoy oz jul euro dollar prices 32 24 gold vs 2003 to date 80 90 100 110 120 130 140 150 160 170 180 apr oct ratio 50 60 70 for 62 1 base metals 190
