$SILVER most losing their minds due to its parabolic move

Probably in the last leg of it’s current move.

When it corrects it will form a new baseline somewhere.

Many are not realising how much industrial demand there is for silver currently and the mining supply has remained relatively flat generally since 2000s

680m ounces is the approximate annual industrial fabrication demand currently, that ignores the jewellery market.

Annual supply of silver is around 840million ounces approximately

So it’s very easy to see how industrial demand is going to kick in wherever the lower high is after it blow off top.

If the industry has a genuine shortfall which i believe it does, you have a scenario where silver in vaults, when sold by retail or whoever, gets bought up by industrial users who will remove the silver from the vaults for manufacturing.

So the silver journey is probably going to be another 2-5 years. Maybe mining in space or data warehouse power farms in space kill it off, but until that happens or better tech is found the industrial growth looks set to continue for this mineral.

I’m not saying load up now, I’m just explaining why silver now IS different to silver at it’s previous tops.

Happy for silver to top today, tomorrow or next year, whatever. A nice correction would be welcome given it’s going through a multi-year supply crunch that could run into 2028-2030.