The industrial demand for silver EVs, electronic devices that sevice AI and computers has skyrocketed since 1980 and continues to grow. Mines can’t keep up with demand. Also middle class people in India and China don’t trust their banks and hoard gold and silver as secure savings.
From Phair.
“Josh Philip Phair
@JoshPhilipPhair
ยท
1h
Last time the COMEX Metals went down Silver went on a multi-month rumble.
It just happened again. Technical glitches, cooling issues? - Who knows what their stated reasons are, but Metals trading is off-liine again. Regardless this is going to be intriguing...”
“Josh Phair, Owner and CEO of Scottsdale Mint, leads the charge in the fabrication, manufacturing, distribution, and retail sales of precious metals across 40+ countries on five continents...” He is most certainly in the know. He met in Europe last month for a world summit of miners, fabricators, Silver industry giants...much of the meeting was closed door....hmmmmmm..