What's REALLY Driving Silver Prices? Monetary vs. Industrial Demand
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Ever wondered what truly fuels the recent surge in silver prices? This discussion dives deep into the forces behind silver's valuation, distinguishing between its industrial uses and its role as a monetary asset. Prepare to challenge your assumptions about what's moving the market.
Discover why, despite being a smaller portion of the overall market, monetary demand is identified as the primary "marginal buyer" pushing silver prices higher. Learn how investors seeking safe haven status create a bidding war that influences even industrial buyers, ultimately dictating silver's skyrocketing value.
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Transcript
out of the how much of the rise in silver valuation that we've experienced in the last, let's say 14 months, how much of that has been due to the the monetary demand side, uh putting the industry aside for the moment. In your mind, have you separated those two or could you Yeah, I'll answer the question and see you to your satisfaction. So all markets move at the margin and the margin is, well, what's the disposable income you might think of. So you know, when you're bidding at Sotheby's for a Rembrandt, it's the bid or the last one that gets it. And so the last demand on silver isn't industry. Industry is the demand that won't go away that's required that continues onward and upward over the last two 25 years. So that's a constant almost. So that doesn't vary. So what varies the price of something, who keeps bidding it higher? And who keeps bidding higher is monetary demand. And that's why even the monetary demand is maybe 10 in really big years, 20% of the total market with 80 or 85% being industrial jewelry silverware, that little bit, that 10 or 20% is what ...
