Dec. 26 at 9:39 PM
$SLV $SRUUF So, if this is truly because the physical shortage is finally coming home to roost, I can't wait until the real Uranium squeeze (due to similar mining/usage imbalance that we see in silver).
At some point, perhaps some users of silver go to copper instead (when possible), and at high enough prices, perhaps non-industrial silver enters the industrial markets. That might slow the move higher until mine supply catches up.
There is no replacement for uranium, and there is no appreciable store of non-industrial U in people's homes. It's going to be wild.