Silver might be holding at $25But gsvr is selling it at a 12% discount ,add the 15% royalties and that's 27% under 25$ ,that puts is it at 18-19 $ an oz.pre production increase at that price their losses were about 15 mil a quarter , factor in the production increase and the cheap prices they are getting next quarter is going to be a bloodbath.and if silver and gold drop as they do every summer .OUCH!!!!!but you keep pumping Erin ,seem math is not your strong point.