>>23926429Realistically the world isn't undersupplied for silver at all. Consumption demand is met many times over by co-product mine production. The silcver advertising board/institute's deficit is just clever accounting.
Like with gold, most investors want a piece of digital paper that says silver on it as exposure to the brand name and its trading price in a highly liquid market. If paper genuinely decouples then physical silver crashes as most speculators exit that market. Participants would all have to move and store metals, and you end up with something closer to uranium and its whatsapp group spot market. Industry demand gets met through long-term fixed price delivery contracts. No one wins, certainly not the big banks who own the most silver and have the largest long and short positions at all times.
