During the pandemic, many chip manufacturers were overwhelmed with orders for chips used in electronics (laptops, monitors etc.) and were therefore unable to deliver car-destined chips. The car industry is lacking those chips, so these chips will have to be compensated for, but the production of electric cars is also going to skyrocket in the coming 5-10 years. I can imagine silver shooting up to several hundreds of dollars. Some game consoles are becoming rare as well - I reckon this will happen to laptops and cellphones as well. They are becoming more expensive. A more serious report from Reuters - chips are affecting cellphone, laptop producers, as well as car manufacturers. If the industries will restart soon, I expect silver to get a massive push from the automotive-, electronics-, aeronautical- industries. Remote working is also going to contribute to a rise of silver's price. Let me guess: even more silver will be thrown out and only once it becomes scarce and very expensive, will people start to think about recycling it (just like in the case of palladium today and catalytic converters). 100 $ silver is very close. 500 $ silver will be close too, if the trends continue. And I think they will due to the electric car industry and the aeronautics industries. "To the moon"?
Yeah - I kinda believed this 8 years ago too. Quantity of silver is surprisingly small in all of these industrial applications. I've stopped holding my breath.
I love these theories. The last one I heard was back when silver went to $40 briefly earlier in the year. There was talk of large companies like Apple who use silver in their products, buying up loarge stockpiles of silver to hedge against future shortages and price rises. The talk was they were buying a ten year supply of silver. Not sure what became of that though.
There's thousands... all laughable. But many are doing the rounds on WSS again hyping up the noobs. Silver is basically magic beans, but they've been sterilised on arrival. Currency crisis is currently the only reason I stack (in addition to being a superior form of savings for me)
Bosch just opened a new chip fab plant in Germany so we will soon find out if that theory holds water.
I got 2 silver quarters back as change yesterday at a gas station. I heard the familiar ring of silver as he dropped the change in my hand, looked down and saw a 1960 and a 1954. I haven't see a silver quarter in the wild in years but it made my day.
^^^^ Darn lucky there you Yankees, that you can still have that sort of thing happen to you in this day and age. The last time I received a silver coin in my change here in Australia was back in the late 1970s when I went to a milkbar with a friend and we received an around 50 cent silver coin in our change. It was a bit of a fight between the two of us to see who would end up with the coin, much to the surprise and bewilderment of the immigrant shop keeper who obviously did not know about the silver content of the coin we were fighting over.
Good a place as any to put this pdf document from "The Silver Institute" Guys, many of you have read about the demand for silver, copper, lithium etc for the production of electric vehicles; if you are bored, it might be of interest for a few seconds. https://www.silverinstitute.org/wp-content/uploads/2021/01/SilverAutomotive_MmktTR2021.pdf
I think that silver just isn't rare enough for the chip fabrication industry to make a serious dent in world stockpiles.
