Comment by daedrdev
Silver has plenty of industrial uses. Very little has changed in industry to cause demand or supply shifts to match the massive price swings. Thus a lot of this is probably meme investors gambling
Silver has plenty of industrial uses. Very little has changed in industry to cause demand or supply shifts to match the massive price swings. Thus a lot of this is probably meme investors gambling
> Silver has plenty of industrial uses.
About one third of this demand (photographic film and paper) more or less evaporated in the 2000s. You don't see that on the price chart, so I don't think you can seriously argue that the price is dictated by industrial uses.
The price of paper silver doesn’t match the price of buying the actual commodity, so it’s more likely that it’s being manipulated by “market makers”
Fun fact about silver, besides its heavy industrial footprint, which you mentioned: the supply is dominated by Mexico. There have been some, uh, erratic words about Mexico from the people in the position to affect trade policy and foreign policy.