/biz/ - Business & Finance

>>27223276
No. You don't understand.

Silver ore deposits are all around the world and are now mined to the point of exhaustion. But some small amounts of silver are extracted from gold and platinum during the smelting process.

Gold and copper and platinum are now in short supply. Silver is even scarcer. We will run out of silver before we run out of gold and copper.

We currently consume silver at a rate of 16x the volume we can pull out of the ground on any one day. And with new Silver demands for Solar panels and flat screen televisions and smartphones, we're going to burn through what reserves are left within just another year or two... After that, we'll use whatever silver reserves are left to try and keep up for another 2 years. Beyond this, we have no viable alternative and silver will shoot to $10,000+ per troy ounce.

Silver is literally the hot ticket because it will be depleted by 2025. You can't extract enough silver from other metals to make up the demand and Silver will become extinct in just a few years (source: USGS).