Apologies for the summerizer but its more concise than I could've been:
Silver has been in a structural supply deficit for seven consecutive years, with cumulative shortfalls reaching nearly 800 milli...
This is a sound analysis. It is not easy to bring significant additional silver to market. Industrial demand is fairly inelastic. At some point the price will disgorge holdings from retail to meet the demand.
As an aside, I have heard multiple reports from folks (some from my bitdevs group) who have had a hard time selling physical back to e.g. coin shops. They are getting -30% off spot if the store even offers to buy it.
As an aside, I have heard multiple reports from folks (some from my bitdevs group) who have had a hard time selling physical back to e.g. coin shops. They are getting -30% off spot if the store even offers to buy it.
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