Lots of things, but also Samsung’s upcoming solid state battery is supposed to use a silver-carbon anode.
irvmuller on
So weird. Why don’t people feel like their money is safe?
Calm_Chemist_4952 on
Knee jerk reaction to the uncertainty of the times we live in.
PossibleOk49 on
Time to sell my old silver quarters lol
Bluehorsesho3 on
Likely several factors all at once.
Short squeeze from big firms shorting above $30, actual fomo buying because of momentum caused by geopolitical uncertainty, loss of faith in the dollar, loss of faith in transparency of U.S. economic data, loss of faith in all fiat currencies, skepticism of digital asset value, physical delivery requests and price discovery of manipulated silver ETFs and derivatives.
Worst case scenario is this is widespread spoofing of future contracts and many of these orders will be canceled in the next few months. Spoofing is illegal but…
Jacked-to-the-wits on
The main thing is that it’s a tiny market, but with industrial demand exceeding annual production. Lots of places cite the market size as $1-2T, but they are counting everything ever mined in 3000 years. You could buy out every exchange, dealer, ETF, jeweler, etc, for around $100B.
I’ve written pretty extensively on the topic, predicting this exact outcome, if you check my post history.
12 Comments
Someone might be bankrupt.
Long term store of value, hedge against inflation and economic uncertainty, read between the lines.
Panic buying due to Chinese export restrictions on precious metals, they do almost all the silver refining.
Pump and ….what was it again?
Go look at what [David Bateman said a few days ago](https://x.com/davidbateman/status/2001542804091408418?s=46)
Lots of things, but also Samsung’s upcoming solid state battery is supposed to use a silver-carbon anode.
So weird. Why don’t people feel like their money is safe?
Knee jerk reaction to the uncertainty of the times we live in.
Time to sell my old silver quarters lol
Likely several factors all at once.
Short squeeze from big firms shorting above $30, actual fomo buying because of momentum caused by geopolitical uncertainty, loss of faith in the dollar, loss of faith in transparency of U.S. economic data, loss of faith in all fiat currencies, skepticism of digital asset value, physical delivery requests and price discovery of manipulated silver ETFs and derivatives.
Worst case scenario is this is widespread spoofing of future contracts and many of these orders will be canceled in the next few months. Spoofing is illegal but…
The main thing is that it’s a tiny market, but with industrial demand exceeding annual production. Lots of places cite the market size as $1-2T, but they are counting everything ever mined in 3000 years. You could buy out every exchange, dealer, ETF, jeweler, etc, for around $100B.
I’ve written pretty extensively on the topic, predicting this exact outcome, if you check my post history.