Maybe a new technology is driving silver demand? Silver has been 20 to 40 bucks as long as I can remember buying it. And the sudden spike hasn’t been explained well. No big storms or crashes at mines, no new technology announced, no movement in fiat cash. So I think something would be brewing in the battery tech world we don’t know about yet. My shiny things just sit in a safe, though I now have enough to sell and get a new pickup at these prize (pre government mandated kill switch of course).
I think it’s more an influx of speculators ... higher prices need new buyers, not existing ones. The purpose of the bloggers and podcasters is to entice in new buyers so they can exit at a higher price. The rug will eventually be pulled but nobody can really predict when.
I’m way out of my field here but.... isn’t the reason for silver’s price increase based on China locking down all their silver ? Any silver they produce is kept and not sold. So, they are decreasing the supply which increases the demand, which drives the price UP.
Isn’t this true ?