In Ed Steer’s latest report, he highlighted an announcement from Silvercorp Metals:
Silvercorp Says: Silver Shines - Not Strategic, Not Critical
Ed thought it “bizarre”, and I agree with him. Silver is obviously strategic and critical. Not only is the demand from just the production of solar panels off the charts and growing, but we now have the world’s militaries scrambling to rearm. The announcement from the German government that their military is woefully short of just about everything emphasized the point:
German military still has ‘too little of everything’ but progress is being made, commissioner says
The commissioner is putting a positive spin on the situation, and they are far from being alone. Not just the war in Ukraine, but the specter of similar conflicts breaking out globally are causing huge demands for weapons and other technology that require lots of silver.
Ed is going to report back after he hears from Silvercorp, but there might be a disturbing possibility. Silvercorp might have gotten wind of a declaration that silver is both strategic and critical by the government. Confiscation? Restrictions of new purchases? Restrictions on exports? Price caps? Who knows?
What we do know is that the demand for silver has placed the industry in an annual deficit situation. There simply won’t be any cavalry coming to the rescue no matter what.
Prepare for something big to be announced. It is the only rational explanation for a hurried, patently false press release of this kind.
Inevitable. The most undervalued metal by far. And you can’t make it illegal (like gold) because it is used in industry. It has a melt value (though you won’t get those eagle premiums back if it goes there.)
I think the current increased demand for silver is because of its use as a lining for many dark clouds ahead.