Jun. 18 at 10:02 AM
$GORO In the video, Phil Baker, former CEO of Hecla Mining and member of the Silver Institute's Executive Committee, talks about why the global silver supply will collapse in 2025.
800 million ounces short: This shows the scale of the structural shortfall in the silver market, which is a growing concern for industry players.
Demand from India and China: Baker says these countries are creating a surprising amount of demand and are one of the most undervalued factors in the market.
Growth in industrial use: the explosion in solar installations and electric vehicles (EVs) is demanding huge amounts of silver, further stretching supply.
Vulnerability of paper-based silver market: Raises the possibility that the paper market, based on derivatives, no longer reflects the actual shortage of physical silver.
Long-term bull market: Baker believes that silver has been on an upward trend since 2001 and that a price of
$50 per ounce in 2025 is not out of the question.
https://www.kitco.com/news/video/2025-06-09/800m-ounces-missing-why-silver-supply-is-breaking-down-in-2025-phil-baker
