By some measures there is only 10-15M ounces of physical silver left worldwide uncontracted in any way. Now we are just waiting for a Tesla or defense contractor to buy a stockpile to send it to $80/oz. We have been consuming more than produced for 5 straight years.
Basel IV rules (undefined timeline) making it Tier1, send it over $400/oz by 2027 (estimate of rule change). It is likely worth +$1000/oz like sister metal Palladium, but with better electrical conductivity properties than any other element.
By some measures there is only 10-15M ounces of physical silver left worldwide uncontracted in any way. Now we are just waiting for a Tesla or defense contractor to buy a stockpile to send it to $80/oz. We have been consuming more than produced for 5 straight years.
Basel IV rules (undefined timeline) making it Tier1, send it over $400/oz by 2027 (estimate of rule change). It is likely worth +$1000/oz like sister metal Palladium, but with better electrical conductivity properties than any other element.