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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