Silver’s industrial demand, mining dynamics and free float mean price rally might not impact supply until it overwhelms it – Sprott’s Zhu - Kitco
Silver’s industrial demand, mining dynamics and free float mean price rally might not impact supply until it overwhelms it – Sprott’s Zhu - Kitco
Source: Kitco
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DW NOTE
Silver's 48% drawdown from its year-high tells you everything about the thesis Sprott is still selling. When a metal loses half its value in nine months, the constraint isn't supply dynamics or free float — it's the fact that no one wants to own it at any price. Industrial demand is a rounding error when speculative capital exits.