>>60623553
Hi, newbie stacker here.

What is the logic behind the idea that silver should be worth 13+ grand per oz? I know that the performance of the paper asset keeps the physical one down, but surely not 400x less than it should be?

Also, people here regularly mention the fact that global silver demand is greater than current added supply. But what exactly counts as "demand"? If we have the same ounce of silver traded between 10 different parties, wouldn't that add 10 oz to the stat even though there's only one ounce moving around? The argument is made as if silver, when used or purchased, is permanently consumed, not to mention that derivatives trading itself also accounts into this stat. Wouldn't it be better to exklusively look at the yearly industrial demand to get an idea for how much of an actual deficit -- if any, exists?

And what about RECYCLED silver? The stuff that is gained from products no longer in service, or collected as a biproduct of another chemical process? Roughly 800 million oz was mined in 2024, and apparently that doesn't include the 200 million or so oz recovered from recycling?

In short, I fear that the referenced demand is inflated, and that existing silver supplies are underestimated.