$35-40 takes into account the risks and time value of the investment, potential price fluctuations, and the preference for (all else equal) lowest cost extraction.
I would not expect someone to dump in a shit ton of money, hope the well works out, and nothing else go wrong right at an expected cost at $60/barrel with amortized investments/operations included.
No major bank has an unhedged silver position remotely large enough to risk its solvency, the market is just not large enough. When I read this kind of conspiracy post I think you're long and talking your book.
So your position is that I have a long position and I somehow think that I can move the global silver market by commenting on HN? Do I have that right?
This all might be new to you but it's not news and it's not controversial (eg [1]).
