Silver has been languishing in terms of the fiat dollar for some 45 years.
Recent record comex deliveries are hinting at something going on!
Silver is actually very rare, with only four ounces above ground in recoverable form for one ounce of gold yet, and is being mined at less than a ten to one ratio with gold, yet is trading at over 80:1.
Retail investor demand is down massively with over 20% less people buying since 2023, yet investor and industrial demand is some 7% higher each year. Mining supply can only meet some 85% of demand. This could be the stealth or accumulation phase. Silver has been a monetary metal for some 5000 years, and has typically held some 8-10% more purchasing power than today. Less than 1 in 200 investors hold any silver, and with only some 2-3 billion ounces available, a sudden spike in interest could see this evaporate instantly.
Recent record comex deliveries are hinting at something going on!
Silver is actually very rare, with only four ounces above ground in recoverable form for one ounce of gold yet, and is being mined at less than a ten to one ratio with gold, yet is trading at over 80:1.
Retail investor demand is down massively with over 20% less people buying since 2023, yet investor and industrial demand is some 7% higher each year. Mining supply can only meet some 85% of demand. This could be the stealth or accumulation phase. Silver has been a monetary metal for some 5000 years, and has typically held some 8-10% more purchasing power than today. Less than 1 in 200 investors hold any silver, and with only some 2-3 billion ounces available, a sudden spike in interest could see this evaporate instantly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.