He claims silver demand has skyrocketted since 2000...is this true? If you look at the actual stats from since 2004, the the total net demand has NOT skyrocketted in terms of percentage gain from a decade ago: https://www.silverinstitute.org/site/supply-demand/ And this chart doesn't even compare demand of silver to other metals...demand for silver may actually be negative in comparison to some other metals. We have to be realistic about real supply and demand figures and not wildly exaggerate them just to try to prop up our beliefs because this day and age, it's fairly easy to fact check and we only shoot ourselves in the foot when we make untruthful claims. I don't think there's ever a need for honest people to be dishonest if the evidence speaks for itself. Silver is not some magical, indispensable element/material. It's a metal that has certain intrinsic CHARACTERISTICS (definitely NOT to be confused with value) which makes it more desirable over many other materials. So, there is undoubtedly demand but NOT skyrocketting demand when compared to about a decade ago. .
The short answer is no. Overall demand is relatively flat. And while coins and bars have gone up, skyrocket is not an accurate term.
I like to buy silver and like to buy it low but for some odd reason I'm always happy to see the price rise.
