With the price of gold also depressed (as evidenced by the struggling gold miners), its historic average $110/ounce for silver would represent an absolute minimum "fair price" for silver today. However, by the time prices had risen enough to restore health to the silver and gold mining industries, we would more likely be looking at a "minimum price" for silver somewhere in excess of $150/oz today. Given the extreme/unlimited (and completely insane) currency dilution now taking place on both sides of the Atlantic, this "minimum fair price" for silver can only increase exponentially from the $150/oz level. The platinum market provides us with a crystal-clear picture of how the silver market would behave -- if it was ever freed from the relentless price-manipulation of the Western banking cabal. Follow Jeff Nielson @bullionbullsThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.