>>60627771
The glut is what industry is not using, highlighted in yellow, its been fairly constant at 500 million ounces per year. All silver mined gets sold thats why its silly to say silver sold in ingots is a defeceit. That means the total surplus of silver(tens of billions of ounces) is growing. If the price of silver goes up, more will get mined, industry will use less, more will get recycled by industry and people dumping grannies silverwear and jewelry. Price increases are self correcting you can see that in silver or any other commodity

Silver miners produce 2 times as much silver as industry consumes. That leads to an additional 5 billion ounce glut every decade. The price of silver will never go up

And the silver glut increases by 5 billion ounces every decade