patrick.net

AD says

• Industrial Demand

I think industrial demand is the key driver of the recent silver price spike.

Traditionally silver and gold were used for money, jewelry, or was just hoarded because it is valuable and represented all of the labor it took to mine and refine it. Precious metals have been melted and reformed for millennia. For the most part they were not lost just changed forms.

Gold is like that. it gets melted and formed into new jewelry, coins, and bars. Even the tiny amounts (cumulatively not tiny) used in electronics are worth recovering because of gold's high value. Gold accumulates.

Silver gets used. It is the most reflective and conductive of the metals. it doesn't corrode and has antimicrobial properties. It has countless industrial uses in addition to it's "Money" value. The cost of recycling it often far exceeds it's market value. Silver gets used up.

There is plenty of silver and gold in the world if you want to invest the capitol and labor to get it.

Onvacation says

Silver gets used.

One of the biggest uses of silver was film photography. The introduction of digital cameras did affect silver prices for a while.

The only certainty is that the dollar will go to zero because the Federal Reserve exists.

This means that silver will go to infinity in dollar terms. But silver will still be worth about the same it always was worth. An ounce of silver will buy a meal in a decent restaurant.

It's an excellent store of value. Doesn't really go up or down. That's why we should use it for money once again.

yet, AI states this

AD says

A gold bar that size would be way to heavy to hold so casually.

HeadSet says

A gold bar that size would be way to heavy to hold so casually.

He was curling it like a dumbbell. Putin's a beast.

Silver went over $62 an ounce. Another all time high price

Silver over $63 now.

When will the price stop going up?

Has to hit about $150 to exceed its inflation adjusted all time high.

Misc says

Has to hit about $150 to exceed its inflation adjusted all time high.

Yes, and silver has only increased about 2% a year since its last all time in 2011 and about 0.5% annually since 1980's all time high :-/

Its about inventory and how productive the silver mines are, and demand for silver such as for solar panels.

... and pays no dividends!

Silver over 65 dollars an ounce. Another high.

$66.31/oz. and climbing.

How much is silver really worth?

FreeAmericanDOP says

... and pays no dividends!

True, you give up dividends and interest, but you get protection from inflation.

It's good for holding value, unlike the US dollar.

HeadSet says

A gold bar that size would be way to heavy to hold so casually.

perplexity.ai:

Central banks and large bullion dealers typically hold “Good Delivery” gold bars, most commonly around 400 troy ounces (about 12.4–12.5 kg / 27.3–27.5 lb).