Price of silver going up over the last month.

[Maxmars]

I wonder if the same exact thing will happen with gold now... or soon.

The newly inflated "market" paradigm remains effectively the same.

We'll see.

[UltraBudgie]

The truth is the mining industry will be hit up for much more ...

Here is something that will likely not surprise you, but rather make you shake your head and mutter "that figures":

In a recent interview, David Morgan confirmed to me that the annual physical silver production is of roughly one billion ounces. With silver trading around $20 currently, this represents a $20 billion market for physical silver.

So the size of the physical silver market is of $20 billion, whereas Bloomberg is mentioning $5 trillion.

How can such a difference be explained?

Well, these $5 trillion represent the entirety of the « paper » silver market, including all « paper » financial products (certificates, options, ETFs etc.) derived from the real physical market and allowing investors to be « exposed » to silver.

This makes for a 250 to 1 ratio between the « paper » market and the physical silver market.

This would mean that, for every ounce of physical silver, there are 250 ounces of « paper » silver circulating in several financial products. In other words, only one contract or certificate issued out of 250 would be convertible in physical silver.

The disconnect between physical and « paper », or virtual, markets is considerable.

The financialisation of the silver market is resulting in a leverage of 250 to 1.

https://tavex.fi/en/the-paper-silver-mar...er-market/

[ReturnofBroccoli]

Something that isnt effected by the fear index is powerful indeed. Im convinced.

[Maxmars]

Here is something that will likely not surprise you, but rather make you shake your head and mutter "that figures":

https://tavex.fi/en/the-paper-silver-mar...er-market/

Yup... they called it "Fractional Reserve" back in the good old days when people were fooled into thinking they were being paid with wealth (as opposed to debt.)

They finally realized that they really couldn't even 'pretend' they had a reserve anymore.
Even some crypto guys already knew that's where the safety was, given their positioning.

Guess what?  Once again, we (non-banks) are paying for the "fix."

It is the "fuel" enabling the "casino."

Our fat goes into their fire.

Devalued dollars, Higher asset prices... what's next... a real estate 'adjustment?'