The projection is for an even larger supply shortfall this year in the neighborhood of 215 million ounces. This would be the second-largest silver market deficit ever recorded.
Samsung's solid-state batteries could significantly impact the silver market, with each battery using up to 1 kg. If 20% of cars adopt this tech, annual demand might reach 16,000 tons.
As of August's Bank Participation Report, 22 banks [both U.S. and foreign] are net short 41.4 percent of the entire open interest in the COMEX futures market in silver — down from the 45.0 percent.
The silver market has been in a structural deficit for four consecutive years, and this situation is becoming more critical due to rapidly increasing demand.
This significant silver requirement for large-scale solar projects like the Stargate AI data center underscores the growing demand for silver in the renewable energy sector.
Jim Rogers discusses the US economy and why he's buying silver right now. Additional topics include the drive by countries such as China to stock up on gold, and what this tells us.
Gold Newsletter's Lundin is right that it's hard not to suspect that "hidden hands" are at work against the silver price just as they have been against gold.
