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.
Copper typically gets a big bump earlier in the year when the Christmas related Mfr’s lay in supplies for the holidays. So the correlation isn’t exact time wise. But as one who builds stuff 4 dollar copper is hardly “down.” And the electric car guys do seem to be the biggest factors in squirreling away both copper and silver. Both Varney and Cavutto dance around that aspect.
I recently spent over 1,000 dollars replacing 700 feet of well pump wire that cost about 300 dollars the last time.
If industrial demand isn’t driving the silver up-tick, then what is? Is it finally being unleashed?