Silver demand is still off the scales
This video with Michelle Makori of Miles Franklin Media goes into considerable detail over the silver market.
“Alasdair Macleod believes the silver market is facing a powerful convergence of forces that investors may be underestimating. In Part 1 of this interview, Macleod argues that silver is being mispriced by markets despite persistent supply deficits, growing industrial demand, China’s aggressive silver accumulation, and mounting stresses in physical silver markets.
”Macleod explains why disruptions tied to the Strait of Hormuz and sulfuric acid supplies could impact global silver production, why China may have abandoned its long-standing policy of suppressing silver prices, and why he believes silver should increasingly be viewed as an industrial metal rather than simply a precious metal.
”In this episode Of The Real Story with Michelle Makori:
Why Alasdair Macleod believes silver is significantly mispriced
How the Iran conflict could affect global silver supply
China’s record silver imports and what they signal
Why silver was added to the U.S. critical minerals list
Growing demand from AI, data centers, EVs, solar and defense industries
What collapsing COMEX open interest may be signaling
Whether a major silver squeeze is developing
Why China may no longer be exporting silver to global markets
The role of industrial demand in the silver bull case
Why Macleod believes silver could potentially double from current levels
U.S. markets are totally oblivious to the coming storm. Keynesian economics is built on the foundation that nothing can happen which government monetary policy cannot resolve without much economic damage (at least to the major market players whose financial shenanigans are always underwritten by the U.S. taxpayer). The system has become so inured by its ability to manipulate commodity markets via derivatives that the Mercantile is entirely speculative and has lost sight of the supply/demand mechanics of the underlying commodities for which it was created. This works as long as everything is settled for cash; once the squeeze begins to shift settlement to "stand for delivery", the derivative market collapses because failure to deliver still carries significant penalties. What's unknown is just what extremes government will go to in order to postpone the coming economic collapse.
I believe that Alasdair’s message is that the people trading in paper don’t really understand the underlying mechanics of the commodities’ physical uses. But that means that there is an opportunity to stack now at bargain prices before they learn…but learn they will.