AND running a deficit in silver supply vs use every year with the end in sight.
“Silver faces fifth annual supply deficit as industrial demand slumps but investment surges - Silver Institute”
To answer THE question, this historic Silver Bull run is SUPPLY driven. Silver is doing nothing more than correcting for decades of manipulation. It should last into 2028/30.....declining world currencies, declining dollar, lower interest rates, Central Bank buying, and historic demand all point to this very simple conclusion.