/biz/ - Business & Finance

>>27182604


Alrighty here you go.
mining and refining takes time. on Avg years there are 1Bio ounces produced. 15% of that is from recycled materials, ie old cellphones, silverware, etc sold to refiners. With Covid in 2020 the total amount produced was down about 5%. Here is the kicker that most of the smooth brians dont understand. SLV and PSLV are trading based on total production......BUT 50% of annual production goes directly to industrial uses that are non recoverable. The actual amount allocated to bullion is actually around 200Mio Oz. So roughly 20% of the total annual production.

Shorting the SLV market is only protected bc the bullion banks sell to each other and ship empty pallets around to each other. Additionally there are stop loss measures built into the Comex. IE the 589 rule (interesting # huh). This rule shuts down the market at a net gain/loss of around $12 per ounce daily.

Short and skinny: Phys is the safest bet, but....if one were to want to take down the global economy and ruin global liquidity. Pooling a group with enough capital to short squeeze silver will be the domino that drops the entire system.

If the paper market is leverage 250:1 phys and you can force delivery essential WSB wound need to leverage against 5.4Bio phys to the assumed market of paper at 1.35Trio. This is totally duable and the capital to flip it would be less then invested in GME.


Here is the kicker if you can get spot over lets say 35 or 40 they will ALL COLLAPSE.

>>27181965
Industrial sector only makes up half the demand, solar is just a fraction of it

https://www.silverinstitute.org/silver-supply-demand/

I thought that with all the shutdown silver use would go down 50%, not 3%.