Well, unfortunatly for the hope that the silver strike program will remain, as silver rises, it is just another nail in the coffin for strikes. Even if sunshine agrees to produce, the net cost is going to go over face value right about now ($14 + silver). The question is, Will a casino such as the Four Queens continue to load the machines when the strikes are getting quoted at over face to produce? I think that question will quickly be answered no. In my opinion, the only way that strike program will go on is to switch to all $40 strikes with an ounce or less of silver in thier composition.

My prediction for $16.25 silver is before Thanksgiving of this year.