It's a critical industrial metal in the current boom phase of the business cycle and an important monetary asset in the inevitable bust. On that basis alone it deserves to be purchased. When you superimpose short sales in an amount twice what the industrial users must have every year, you are in exotically bullish territory. There's nothing like it anywhere and there never will be again. The more you think about silver, the better it gets for those who own the metal.
Silver is the most unique asset on earth today.
It's in great demand because it's used in most of the consumer goods that comprise our consumption boom. It should be inflating in value just like stocks, real estate or oil. It's price hasn't soared because the world's available supply has been flushed onto the market in the most unorthodox fashion. It's been sold in such a way that it must be paid back to those who owned it. That's probably impossible.