This year is a projected -206M troy oz. Seven consecutive years of structural supply vs demand deficits and by some magical voodoo the silver price still remains below $40/oz. 🤔
!PIZZA
This year is a projected -206M troy oz. Seven consecutive years of structural supply vs demand deficits and by some magical voodoo the silver price still remains below $40/oz. 🤔
!PIZZA
It's got to move prices at some point, right?
And $40 will look cheap in 2026, even after the Russp-Ukrainian war premium is factored out.
BTW, the -206M troy oz Ag deficit figure is from HSBC.