Silver miners have fallen sharply - supposedly 18/OZ is the all-in avg. silver production price in 2014. T 16/OZ, there is a good chance that silver production will decline just as physical demand e.g. in India and the US is picking up, which could drive the silver price back up to at least 18/oz. AG is one of the best and lowest-cost silver producers, ad thus should get a leveraged benefit.