I beg to differ:
"On today, even $16 silver could not get ECU over $.60,"
Do you believe that 'the sellers' of ECU shares have that much power over the price?
I think that even $15 silver would put us well above 0.60US$, the question is would it stay there. I suspect $16 not only would let us stay but remain at much higher than 0.60.
Cheers.