Do take note. silver is a particularly inelestic commodity because it is actively consumed while production is mostly a by product of ganeral base metal producition and we have slowly shifted into a structural degicit.
Understand that huge inventorues sat in the traditional photograghy industry and those have worked off while new demand has expanded as in solar panels.
Current price levels are about five times recent history and an extreme leap is not implausable. Think $600 per ounce. We want ovxide ores to be mined and put through electro winning processes economically.
I remember when the tarsands where impossible because oil was $5 per barrel.
Comex Collapse: 29 Million Silver Ounces Vanish in 30 Days
by ITM Trading
Wednesday, Oct 29, 2025 - 7:06
https://www.zerohedge.com/news/2025-10-29/comex-collapse-29-million-ounces-vanish-30-days-silver-vaults-empty
The physical silver market just flashed a red alert. As silver expert David Morgan revealed, a desperate shortage in London triggered a staggering 29 million ounce drain from COMEX vaults in a single month—one of the most acute stresses in years.
While Morgan says the immediate "panic has subsided," he warns this was a critical lesson. The system runs on razor-thin inventories, a paper paradigm perpetually on the brink. The underlying issue of a "world running short of metal" remains completely unresolved. This was merely a preview. The day of reckoning, when the physical market finally seizes control from the paper manipulators, is not a question of if, but when. The squeeze was a tremor before the real earthquake.
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