Jan. 14 at 8:53 PM
$SLV $GLD $GDX $JNUG $B
Silver is distinctive in that roughly half of its demand is industrial, with the remainder serving monetary purposes. As silver approaches
$100 per/ounce, it is worth noting that it reached
$50 per ounce during the parabolic peak in 1980 & again in 2011. When adjusted for inflation, the 1980 high would be equivalent to approximately
$200 per ounce today.
Global silver demand runs above 1 billion ounces annually, exceeding mine supply by roughly 200 million ounces & forcing reliance on recycling & existing inventories.
More recently, silver was designated a critical mineral by the U.S. Geological Survey. In addition, persistent supply-demand deficits over the past several years continue to support the market.
