RE: Three digit $silver and $5k gold23 Jan 2026 14:11
Silver probably I would think retains at 100 USD or above for a while. Though it seems to follow gold, even if it is more of an industrial metal for last few decades, so the sgr is not necessarily applicable but India introducing it as a collateral will place it as a monetary metal there.
Was looking at the maths from silver institute and it has been in deficit for a while so market fundamentals are there. But did not expect this violent move to occur at this stage since it had stayed stagnant for such a long time. That it was easy to ignore the fundamentals.
If you compare to lithium squeeze, it lasted about 2 years but the thing was there was plenty of lithium in the market, but upstream refining was a bottleneck.
I expect solar to reduce silver and add more copper but Ukraine wars have fundamentally changed the game for silver, as those drones especially UAVs use silver, including high end electronics. It's my opinion, let me know if you have different thesis.