1D·

🚫NO SILVER LEFT🚫

Rising industrial demand, rigid supply and a market in continuous deficit since 2020.

⚡ The photovoltaic boom isn’t slowing down: total silver demand is expected to reach between 48,000 and 54,000 tonnes per year, with the solar sector alone accounting for up to 40% of global consumption.

⚒️ On the supply side, 72% of silver is produced as a byproduct, and any new primary mine takes nearly a decade to come online. Supply elasticity is almost zero.

Even after factoring in more recycling and lower silver intensity per solar cell, the model shows that by 2030, supply would cover at best 70% of demand — leaving a gap that someone will have to fill… or that prices will eventually correct for.

https://www.sciencedirect.com/science/article/abs/pii/S0921344925004392

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2 Comments

NichtRelevant@NichtRelevant

14H

Good point. Silver should also go up because gold has become ridiculously expensive.

You seem to look into mining companies. What makes minimg companies better that a direct investment in silver?

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Jesus@monttero_

12H

@NichtRelevant Great question. Mining stocks are not “better” than silver itself, they’re just a different bet. When you buy physical silver/ETC, you’re mostly exposed to the metal price and storage/fee risk.
With miners you add:
- Operational and political risk (cost overruns, accidents, local regulations, management quality).
- Balance sheet risk (debt, dilution, hedging).
- But also operating leverage: if the silver price goes up and costs stay relatively fixed, margins and cash flow can grow much faster than the metal price.

So miners can outperform silver in a bull market, but they can also underperform badly in drawdowns. I like them as a complement to a core position in physical/ETCs, not as a full substitute.

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