RE:From the 24hGold WebsiteThese analysts who believe that silver will average around $13 for 2015 (a 24% drop from here) also predict gold will average $1,292 - that would push the gold/silver ratio to an unprecedented 100X. That is unusual when you consider that every time the ratio has spiked to 75-80, silver has significantly out-performed gold over the next period. Demand for silver in certain applications such as photovoltaic-solar cells (100M ounces needed in 2015 just for solar) and various industrial applications, along with a very tight supply/demand environment and little new mining supply coming on, gets me scratching my head at these analyst predictions of a 4th year of this silver bear market. It's also an interesting call from a technical perspective as it appears that silver is just starting to emerge from a significant capitulation bottom/low achieved in November/December. A number of prominent technicians who have correctly called this extended bear from 2011-2014 turned bullish on the charts at the end of 2014. For these fundamental and technical reasons I would be surprised if silver DIDN'T rise to the $20-$22 level in 2015. In that scenario silver producers – including even SPM – should rally. Maybe I've simply drank the Koolaid and am not thinking straight. time will tell...