>>60966831
It's fundamentally necessary to create machines that kill people or turn daylight into energy. That's really it, a single tomahawk cruise missile contains 550 toz of silver that will never be recycled. This material is in a net production deficit for years now while industrial, and military industrial, demand continues to grow with global militarization, electrification and solar projects. It's in a variety of products you use daily such as automobiles, EVs in particular and their chargers. It's price being derivative of gold is the minor bull case, it remains in theory both a monetary and industrial metal that is only just now catching up with 5 years of inflation. PVs alone are projected to use every known above ground oz in the next 5-10 years. Production has stagnated due to a lack of capital investment in new projects and exploration. It takes nearly 10 years to find, build and get a mine operating. Boomers are selling to pay bills, yet the price continues to climb, how curious.
