Industrial demand is bumping silver-—what with electric cars and all. Way more than just a few chicoms stashing the stuff. Watch copper also. There’s no way there is enough to build out all the mandated kilowatcars.
Copper has been down recently in October currently at 4.38 after peaking at 4.79 Sept 30. No correlation with the silver price at all. In addition production volumes are down globally - so it isn’t industrial demand driving silver.