>>60896190
>silver will never go over $150 dollars an ounce. It just won't happen. It is too important for industrial purposes.
Most industrial users of silver are NOT price sensitive. There is 1/3 of a gram of silver in a smartphone. Assuming $1.50/gram that's 50 cents worth. Say silver went up by a factor of 10, that's $5.00 worth. That would bump up a smartphone cost by $10.00 (Apple makes 50% profit margin)

Some marginal uses may take a hit. Silver in solar panels is about 25 grams per square meter, and is about 6% of the price so if silver went up by a factor of 10 it would be 60% and the price would more than double, currently around $500/square meter, so maybe going up to $1200/square meter.

They report that a Tesla has about a kilo of silver which is close to $1300/kg so a 10 fold would bump up the average cost of a Tesla by around $20k.