Interesting take on things but I have some similar and some very different opinions as well.
1. The silver price is currently controlled by the paper market.
2. This will NOT continue indefinitely. When the economy burps (and it is about to), money will start to move into real assets and PMs will be the big beneficiary of this.
3. Even a mere 1% of paper money (stocks, etfs, MFs,, etc) moving into PMs will decouple the short's grip on the physical market.
4. I don't listen to the "salesmen", but I do closely follow mining output and miner's forecasts. There is NOT plenty of silver out there. The producers have barely been able to keep up with demand and the situation is projected to get much worse.
5. New mines are not coming online, existing mines are producing less metals than formerly predicted and in ground silver is getting more difficult and more expensive to extract.
6. Unlike gold, there are NOT large above ground stores of silver.
7. Last year's silver production was about 850 million ounces and demand was around one billion ounces. There is a deficit and the deficit is going to grow rapidly.
8. There are many new areas that have an aggressively growing demand on silver (medical, electronics, industry, solar, EVs, etc).
9. Investment demand for physical silver makes up about 100 million oz a year and is growing.
10. The solar and electric vehicle industries are growing incredibly fast with the enormous global push towards green industry. Each of these industries use 100-150 million ounces a year and there is no doubt that this demand will double, triple or more in the coming years.
Basic economics: Demand is and will continue to outpace supply...the silver price WILL go up, way up, and will soon overcome the power of the shorts and manipulators. Paper shorts WILL get crushed as this decoupling will happen with minimal notice. Paper holders will lose big time and physical holders will be rewarded like never before. The time is now to start or continue stacking. Don't wait or you WILL miss out!
